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SPAC Trinity Merger prices $300M IPO, debuts on Nasdaq

Special-purpose acquisition company Trinity Merger Corp. priced its IPO of 30.0 million units at $10.00 apiece.

Each unit comprises one Trinity class A common share and one redeemable warrant of the company. Each warrant allows the holder to buy one Trinity class A common share at a per-share price of $11.50.

The offering comes with a 45-day overallotment option for the underwriter to acquire up to 4.5 million additional units at the IPO price.

The units will be listed on The Nasdaq Capital Market and trade under the TMCXU ticker, starting May 15. The class A common stock and warrants are expected to be listed on Nasdaq under the tickers TMCX and TMCXW, respectively, once the securities comprising the units commence separate trading.

Sponsored by HN Investors LLC, the blank-check company expects to acquire an operating entity or business with a real estate component, including one within the hospitality, lodging, gaming, real estate or property services, or asset management industries.

B. Riley FBR Inc. is the sole book-running manager for the offering.