trending Market Intelligence /marketintelligence/en/news-insights/trending/syrcz-yoi7xgmjav-veh5g2 content esgSubNav
In This List

Trinity Merger closes $345M IPO

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Trinity Merger closes $345M IPO

Special-purpose acquisition company Trinity Merger Corp. closed its IPO of 34.5 million units at $10.00 apiece, raising $345 million in gross proceeds.

The company noted that the underwriters fully exercised their overallotment option to acquire 4.5 million units under the offering. Each unit comprises one share of Trinity Merger's class A common stock and one warrant to acquire one class A common share at $11.50 apiece.

Trinity Merger said it plans to focus on business combination candidates with a real estate component and an enterprise value of between $750 million and $2 billion.

Lee Neibart is the company's chairman and Sean Hehir serves as its CEO and president. Neibart and Hehir also serve as company directors, along with Richard Wacker, Catherine Luke and Warren de Haan.

B. Riley FBR Inc. was the sole book-running manager for the IPO.