Trine - TRNE = U = 1C, 1/2W
Trine Acquisition Corp. Schedules Shareholder Vote for Merger with Desktop Metal on December 8, 2020 TRNE TRNE.WS
will be held at 9:00 a.m. eastern time, on December 8, 2020, in virtual format
trust account of approximately $305.4 million on October 30, 2020, the estimated per share redemption price would have been approximately $10.17,
NEW YORK, March 19, 2019 (GLOBE NEWSWIRE) -- Trine Acquisition Corp. (NYSE: TRNE.U) (the “Company”) announced today that it closed its initial public offering of 26,100,000 units at $10.00 per unit, resulting in gross proceeds of $261,000,000. The Company’s units are listed on The New York Stock Exchange (“NYSE”) and commenced trading on March 15, 2019 under the symbol “TRNE.U”. Each unit consists of one share of the Company’s Class A common stock, $0.0001 par value per share (“Class A Common Stock”) and one-half of one redeemable warrant (“Warrant”) with each Warrant entitling the holder to purchase one share of Class A Common Stock at a price of $11.50 per share. Only whole warrants will trade and are exercisable. Once the securities comprising the units begin separate trading, the Class A Common Stock and Warrants are expected to be traded on the NYSE under the symbols “TRNE”, and “TRNE WS”, respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 3,915,000 units offered by the Company to cover over-allotments, if any.
BTIG, LLC and Cantor Fitzgerald & Co. acted as joint book-running managers and I-Bankers Securities, Inc. acted as co-manager of the offering.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $261,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.