Corporate ActionApr 30, 2026, 06:18 AM
BID Files S-1 for $140M IPO of 14M Units at $10.00
AI Summary
Tribeca Strategic Acquisition Corp. (BID), a blank check company, filed an Amendment No. 2 to its S-1 Registration Statement for an initial public offering of 14,000,000 units at $10.00 per unit, aiming to raise $140,000,000. The company intends to focus on target businesses in software, technology, artificial intelligence, digital asset, clean energy, and other high-growth sectors. A total of $140,350,000 from the offering and private placement will be placed in a trust account, and the company has 24 months to complete a business combination.
Key Highlights
- Tribeca Strategic Acquisition Corp. (BID) filed for an initial public offering of 14,000,000 units.
- Each unit is offered at $10.00, totaling $140,000,000 for the offering.
- Underwriters have a 45-day option to purchase up to an additional 2,100,000 units.
- Sponsor and BTIG committed to purchase 470,000 private placement units at $10.00 each.
- $140,350,000 will be placed in a U.S.-based trust account.
- The company has 24 months from closing to complete an initial business combination.
- Underwriting discounts and commissions total $0.55 per unit, or $7,700,000 in aggregate.