Trinity Acquisition registered wit the SEC to offer 25 million units at $10 per unit. Each will consist of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant would be exercisable to purchase one Class A ordinary share at $11.50.
Trinity in the filing said it will target global consumer lifestyle companies with compelling China potential.
The SPAC is led by Chairman Li Nigh, founder of the Li-Ning brand and the executive chairman, joint CEO and executive director of Li Ning Co.
The SPAC expects to list on the NYSE under TRNY.U. Read more.
