Terrapin 4 Acquisition, a blank check company formed by Terrapin Partners and led by Nathan Leight, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The Coral Gables, FL-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Terrapin 4 Acquisition would command a market value of $388 million. Each unit consists of one share of common stock and one-third of one warrant exercisable at $11.50.
Terrapin 4 Acquisition was formed in 2017 and plans to list on the Nasdaq under the symbol TRTLU. Nomura Securities is the sole bookrunner on the deal. IPO timing was not disclosed.
