PROPOSED BUSINESS COMBINATION: Broadmark
ESTIMATED CURRENT FUNDS in TRUST: $360.9 Million*
CURRENT PER SHARE REDEMPTION PRICE: $10.46*
IMPLIED EQUITY VALUE: $1.5 Billion
*SPACInsider estimate a/o 11-14-19
Trinity Merger Corp. proposes to merger with the Broadmark real estate lending companies and management companies (“Broadmark”), (specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties), to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion (assuming no redemptions by Trinity stockholders or Broadmark members). ...READ MORE