New York-based blank check company Trine Acquisition Corp. has unveiled terms for the $261 million initial public offering of its units.
Trine Acquisition will issued 26.1 million units at $10 per unit. In addition, the underwriters have been granted a 45-day option to buy up to an extra 3.9 million units.
The offering will be completed on or about March 19, 2019, subject to customary closing conditions.
U.S. capital market company BTIG LLC and Cantor Fitzgerald & Co. are acting as joint book-runner for the offering.