TortoiseEcofin Acquisition Corp. III (TRTL.U) Prices $300M IPO


TortoiseEcofin Acquisition Corp. III (TRTL.U) Prices $300M IPO

Jul 19, 2021 IPOs by Marlena Haddad

TortoiseEcofin Acquisition Corp. III announced the pricing of its $300 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “TRTL.U” Tuesday, July 20.

The new SPAC aims to combine with a target playing an active role in providing solutions to reduce emissions and improve the sustainability of products and industries. TortoiseEcofin Acquisition Corp. III is led by CEO and Chairman Vincent Cubbage and CFO and President Stephen Pang.

Total SPAC deal count for 2021 year-to-date is now 375. This offering is expected to close on Thursday, July 22.

Barclays, Goldman Sachs & Co. LLC and Cantor Fitzgerald & Co. are acting as joint book?runners for the proposed offering. Academy Securities, Inc. is acting as co-manager for the proposed offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.