Trine II Acquisition in an amended S-1 filing said it will now offer 30 million units in an IPO, down from the 42.5 million registered with the SEC in February. A unit consists of one Class A ordinary share and one-half of a warrant.
The SPAC still plans to target the TMT sectors — technology, media, and telecom.
Trine II is led by Chairman Leo Hindery, Jr., who was the CEO and chairman of Trine I, which closed its business combination with Desktop Metal in December 2020.
The SPAC intends to apply for a listing on the NYSE under TRAQ.U. Read more.
