Trepont Acquisition Corp I Announces Closing of $230 Million Initial Public Offering
December 04 2020 - 5:25PM
Business Wire
Trepont Acquisition Corp I (the “Company”) announced the closing
today of its initial public offering of 23,000,000 units at a price
of $10.00 per unit, including an additional 3,000,000 units sold
pursuant to the full exercise of the underwriters’ over-allotment
option. The units began trading on the New York Stock Exchange
(“NYSE”) under the ticker symbol “TACA.U” on December 2, 2020. Each
whole warrant entitles the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and redeemable warrants are expected to be listed on NYSE
under the symbols “TACA” and “TACA.WS,” respectively.
The Company was formed for the purpose of effecting a merger,
amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company intends to focus on businesses that operate
in enterprise & disruptive software, communications, artificial
intelligence, machine learning, data analytics 5G, IoT, services
and related sectors. Our management team is led by our Co-Founders
Arun Sarin, the Chairman of the Board, who was previously Chief
Executive Officer of Vodafone Group plc, and Ori Sasson, our Chief
Executive Officer and Chief Financial Officer, who was previously
the founder and Chief Executive Officer of Scopus and Chief
Executive Officer of Genesys Telecommunications Laboratories. Our
Co-Founders have over six decades of combined experience leading,
advising and investing in public and private technology and
telecommunications businesses.
Credit Suisse is acting as the sole book-running manager of the
offering. The offering is being made only by means of a prospectus.
Copies of the prospectus relating to the offering may be obtained
from Credit Suisse Securities (USA) LLC, Attn: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, North Carolina
27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on December 1, 2020. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies of these documents are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201204005612/en/
Investor Contact: For inquiries: Lee Fan at
lee.fan@trepont.com
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