Trine Acquisition, a SPAC led by Leo Hindery and targeting the media and communications industries, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raise $250 million by offering 25 million units at a price of $10. At $10, Trine Acquisition would command a market value of $313 million. Each unit consists of one share of common stock and one-half of one warrant to purchase a share of common stock at $11.50.
Trine Acquisition was founded in 2018 and plans to list on the NYSE under the symbol TRNEU. BTIG and Cantor Fitzgerald are the joint bookrunners on the deal.
