Trine II Acquisition Corp. (TRAQ.U) Prices Upsized $360M IPO


Trine II Acquisition Corp. (TRAQ.U) Prices Upsized $360M IPO

Trine II Acquisition Corp. announced the pricing of its upsized $360 million IPO and its units are expected to begin trading on the NYSE under the symbol “TRAQ.U” Wednesday, November 3.

The new SPAC intends to become partners with category-leading TMT management teams that are currently benefiting from attractive secular tailwinds against a large total available market. Trine II is led by Leo Hindery, Jr., as Chairman of the Board of Directors and Pierre M. Henry, as the Chief Executive Officer.

Total SPAC deal count for 2021 year-to-date is now 510. This offering is expected to close on Friday, November 5.

Morgan Stanley is serving as the sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.