New SPAC: Translational Development Acquisition Corp Files for $150M IPO

new-spac

New SPAC: Translational Development Acquisition Corp Files for $150M IPO

Translational Development (NASDAQ:TDACU) has filed for a $150 million IPO to extend underwriter BTIG’s strong three-month streak where it has represented nearly a third of new SPAC S-1s. This is BTIG’s fifth SPAC filed since August 8, and these have each borne some similar features. All have overfunded their trust slightly – Translational is overfunding
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