Trepont Acquisition Corp I (TACA.U) Prices $200M IPO


Trepont Acquisition Corp I (TACA.U) Prices $200M IPO

Trepont Acquisition Corp I announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “TACA.U” tomorrow, Wednesday, December 2.

The new company aims to combine with a target that has a differentiated product or technology with multiple avenues for growth. Trepont is led by Chairman Arun Sarin alongside CEO, CFO and Director Ori Sasson.

Total SPAC deal count for 2020 year-to-date is now 202 with $69.9 billion in gross proceeds raised. This offering is expected to close on Friday, December 4.

Credit Suisse Securities (USA) LLC is acting as sole book-running manager for this offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.