Disruptive tech SPAC Trajectory Alpha Acquisition prices $150 million IPO

Trajectory Alpha Acquisition, a blank check company targeting a disruptive technology-driven business, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Peter Bordes, whose current roles include co-founder and Director of MainBloq, co-founder and Managing Director of TruVest, and Managing Partner of Trajectory Capital. He is joined by CFO and President Michael Frankel, who is a Managing Director and Head of Deloitte New-venture Accelerator. The company plans to target disruptive, technology-driven businesses that leverage unique intellectual property and proprietary data to develop a sustainable competitive advantage and dislodge slower moving incumbents in their end markets.

Trajectory Alpha Acquisition plans to list on the NYSE under the symbol TCOA.U. Guggenheim Securities acted as sole bookrunner on the deal.