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Blank check company Terrapin 3 Acquisition prices IPO at $10

July 17, 2014

Terrapin 3 Acquisition, a blank check company backed by Terrapin Partners and led by Nathan Leight, raised $185 million by offering 18.5 million units at $10, as expected. Terrapin 3 Acquisition is listed on the NASDAQ under the symbol TRTLU. Deutsche Bank acted as the sole bookrunner on the deal.