THE WESTIN MAUI RESORT & SPA

May 21, 2018 Comments Off on Trinity Merger Corp. Completes $345M Public Offering Views: 3436 Hawaii, National News, West

Trinity Merger Corp. Completes $345M Public Offering

Honolulu, HI-based Trinity Merger Corp. closed an initial public offering (IPO) in which it raised gross proceeds of $345 million. The company intends to focus on business combination candidates with a real estate component and an enterprise value of roughly $750 million to $2 billion.

Trinity Merger sold 34.5 million units at $10 per unit in the IPO, which includes 4.5 million units issued pursuant to the underwriter’s exercise of its over-allotment option in full. The company’s units began trading on NASDAQ under the ticker symbol “TMCXU” on May 15, 2018.

The special purpose acquisition vehicle is led by seasoned real estate investment professionals Lee S. Neibart and Sean A. Hehir. The two have worked together for more than 20 years, partnering on several large institutional real estate transactions. Altogether, the company’s leadership team has acquired more than 50 hotels, with more than 30,000 keys in the United States and abroad.

Connect With Trinity Merger Corp.’s Hehir


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.

Send this to a friend