Prison Phone Firm ViaPath Discusses Merging With Tristar SPAC

ViaPath Technologies, which provides telecommunications and other services to the incarcerated population across the US, is in talks to go public through a merger with Tristar Acquisition I, according to Bloomberg, citing people with knowledge of the matter. 

A transaction could value the company at more than $1.5 billion, according to the people, who requested anonymity to discuss confidential information. No deal has been reached and it’s possible talks could collapse.

Tristar raised $200 million in an October 2021 IPO with a focus on telecomm companies. Read more.

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