Trailblazer Acquisition, a blank check company targeting media, entertainment, tech, and retail, raised $240 million by offering 24 million units at $10.00. The company offered 4 million more units than anticipated. Each unit contains one share of common stock and one-third of one warrant, exercisable at $11.50.
Trailblazer Acquisition is led by CEO and Chairman Eric Semler, the founder of investment firm TCS Capital Management, and CFO Eamon Smith, who serves as the CFO and a Managing Director of TCS Capital Management. The SPAC plans to focus on potential acquisition targets with primary operations in the media and communications, sports and entertainment, technology, and consumer retail sectors.
Trailblazer Acquisition plans to list on the Nasdaq under the symbol BLZRU. Cantor Fitzgerald acted as sole bookrunner on the deal.
