Tristar Acquisition I registered with the SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50.
The new SPAC in the filing said it will target a telecommunications and technology oriented company.
Tristar I is led by Chairman and CEO William Mounger II, who has been chairman and CEO of Tristar Technologies, a telecom and technology search firm, since 2002.
The SPAC intends to apply for a listing on the NYSE under TRIS.U. Read more.
