Tristar Acquisition I Corp. Announces Pricing of $200 Million Initial Public Offering
ATLANTA, Oct. 13, 2021 /PRNewswire/ -- Tristar Acquisition I Corp. (the "Company"), today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol "TRIS.U" beginning tomorrow. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ''TRIS'' and ''TRIS.WS,'' respectively.
The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on businesses related to telecommunications, technology, or related businesses. Navigation Capital Partners, Inc. is a member of the Company's sponsor group. Additionally, Cable One, Inc. (NYSE:CABO) will be a strategic investor, and has agreed to purchase 9.9% of the units in the offering, subject to allocation by the underwriters.
Wells Fargo Securities, LLC is acting as sole book-running manager and Loop Capital Markets LLC is acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may b obtained from Wells Fargo Securities, LLC, 500 West 33rd Street, New York, NY 10001, Attn: Equity Syndicate Department, at 800-326-5897, or emailing a request to email@example.com.
A registration statement relating to the securities became effective on October 13, 2021. 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.
The offering is expected to close on October 18, 2021, subject to customary closing conditions.
About Tristar Acquisition I Corp.
SOURCE Tristar Acquisition I Corp.
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