Tribeca Strategic Acquisition, a blank check company targeting software, technology, and AI, filed on Monday with the SEC to raise up to $175 million in an initial public offering.
The company plans to raise $175 million by offering 17.5 million units at $10.00. Each unit contains one share of common stock and one-half of one warrant, exercisable at $11.50.
Tribeca Strategic Acquisition is led by CEO and Chairman Timothy Ramdeen, the CEO of Hudson Strategic Advisors, and co-founder and CEO of Dharma Capital Advisors. He is joined by CFO Paul Sykes, the former CFO of Springbig Holdings (formerly Nasdaq: SBIG). The SPAC plans to target businesses in the software, technology, artificial intelligence, digital asset, clean energy and other high growth sectors, inlcuding data center infrastructure, services, financial technology/asset management/neobanks, high growth consumer brands/marketplaces, creator economy, renewable energy, critical minerals, AI, digital assets, and quantum computing.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol BIDWU. BTIG is the sole bookrunner on the deal. No pricing terms were disclosed.
