Trine Acquisition Corp.
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $300.15M |
|---|---|
| IPO Date | Mar 15, 2019 |
| CEO | Leo Hindery, Jr. |
| Left Lead | BTIG |
| IPO Cash in Trust | 100.0% |
| SPAC Tenor | 24 months |
| IPO Sector |
Technology
Technology, consumer, and/or media and communications |
| IPO Geography | Global |
| Target Company | Desktop Metal |
| Deal Announced | Aug 26, 2020 |
| Deal Size, $M | $1,836.00M |
| Deal Sector | Technology |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Dec 8, 2020 |
| Amendment Vote | TBD |
| Closing Date | Dec 9, 2020 |
Formerly TRNE
DM
DM/W
| Price | $4.45 $0.45 |
|---|---|
| Last closing price | $4.34 |
| H/L, today | $4.33 / $4.57 |
| H/L, 52-week | $0.80 / $2.67 |
| Volume, today | 29,027 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 9 directors & officers
- 27 filings and events
- 3 underwriters
- 4 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Leo Hindery, Jr. | 71 | Chairman & CEO |
| M. Ian G. Gilchrist | 69 | President & Director |
| Mark J. Coleman | 60 | EVP & General Counsel |
| Pierre M. Henry | 30 | CFO & VP, Development |
| Josephine Linden | 66 | Director |
| Marc Nathanson | 73 | Director |
| Tom Wasserman | 44 | Director |
| Abbas F. Zuaiter | 51 | Director |
| Kent R. Sander | 65 | Director |
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Advisors
Underwriters
| BTIG | Joint BR | 12,397,500 | units |
| Cantor Fitzgerald | Joint BR | 12,397,500 | |
| I-Bankers Securities | 1,305,000 | ||
| 26,100,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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