Trepont Closes $230M IPO

Redemptions of $26 million ahead of the extension vote left $21.9 million in the 10X II trust. The SPAC’s merger deal with African Agriculture has a $10 million minimum cash condition.

Under the terms of the business combination agreement, a newly-formed entity will undertake a share exchange with the gold mining company and the holders of the outstanding Blue Gold shares will receive equity in the new company valued at $114.5 million.