Tech SPAC Trepont Acquisition I priced its $200 million IPO at the market close Dec. 1. The management team has extensive experience in telecommunications, according to the S-1 filing.
Trepont plans to list on the NYSE under TACA.U. Read more.
Assuming no share redemptions by stockholders of Gores V, approximately $525 million in cash held in the SPAC's trust account, together with a $600 million PIPE and approximately $2.3 billion of the new debt will be used to pay Ardagh Group up to $3.4 billion in cash.
Union Acquisition II in an 8-K filing today said it will contribute 12 cents per share to every share not redeemed at the upcoming stockholders meeting.