Trine II Acquisition Closes $414M with Full Exercise of Over Allotment

Trine II Acquisition closed it IPO of 41.4 million units, including 5.4 million units issued to the underwriter. The offering generated gross proceeds of $414 million.

Units trade on the NYSE under TRAQ.U.

The SPAC plans to target the TMT sectors — technology, media, and telecom. Read more.

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Clover Leaf Capital Files S-4 on Kustom Entertainment Deal

As announced in June, the combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million, with the proposed business combination expected to provide the $18.1 million remaining in the SPAC's trust, assuming no further redemptions.