Tristar Acquisition I in an 8-K said it has entered into a non-binding letter of intent for a potential business combination. The SPAC did not name the target but said discussions have been ongoing “over an extended period of time.”
Earlier news reports this week noted that 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 I.
As a result of the LOI, under the terms of its prospectus Tristar I is entitled to an automatic extension of its merger deadline, which is now July 18.
The SPAC raised $200 million in an October 2021 IPO. Read more.
