Trebia Acquisition Corp. (TREB.U), announced the pricing of their upsized $450 million SPAC IPO tonight and the units are expected to begin trading tomorrow, Wednesday, June 17th, under the symbol NYSE: TREB.U
While Trebia may pursue an initial business combination target in any business or industry, it intends to focus on the financial services, technology, software, data, data analytics and related areas. The Sponsors of the Company are BGPT Trebia LP, an affiliate of Bridgeport Partners LLC, led by Frank Martire, Jr, and Trasimene Trebia, LP, an affiliate of Trasimene Capital Management, LLC, led by William P. Foley, II.
Total SPAC deal count for 2020 year-to-date is now 32 with $10.383 billion in gross proceeds raised. The offering is anticipated to close on Friday, June 19, 2020.
Credit Suisse Securities (USA) LLC and BofA Securities, Inc. acted as joint book-running managers of the offering. Moelis & Company LLC is acting as the co-manager for the offering. Weil, Gotshal & Manges LLP and Davis Polk & Wardwell LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP, acted as auditor.
Hammerhead Energy Inc. (NASDAQ: HHRS), which combined with Decarbonization Plus IV, has announced the results of its substantial issuer bid that expired at 5:00 p.m. ET on June 2. Under the bid, HEI offered to purchase for cancellation up to 20 million of its warrants, representing approximately 70% of its total number of issued and outstanding warrants, to purchase...
Terms Tracker for the Week Ending June 2, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As is typical of slow holiday weeks, this past week for SPACs was no exception. To wit, there were zero new S-1s filed, zero amendments...
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