Tribeca Strategic Acquisition, a blank check company targeting software, technology, and AI, raised $140 million by offering 14 million units at $10. Each unit consists of one share of common stock, and one right to receive one-tenth of one share at the time of the business combination.
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, COO, and Director Sukhvinder Gill, the former Chief Investment Officer and founding member of March 2025 IPO RedCloud Technology (RCT; -84% from IPO price). The SPAC plans to target businesses in the software, technology, artificial intelligence, digital asset, clean energy and other high growth sectors, including 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 will trade on the Nasdaq under the symbol BIDWU. BTIG acted as sole bookrunner on the deal.
