Trine Acquisition, a SPAC led by Leo Hindery targeting the media and communications industries, raised $261 million by offering 26.1 million units at $10. The company originally planned to raise $250 million. Each unit consists of one share of common stock and one-half of one redeemable warrant, whole warrants exercisable at $11.50 per share.
Trine Acquisition plans to list on the NYSE under the symbol TRNE.U. BTIG and Cantor Fitzgerald acted as lead managers on the deal.
