Trebia Acquisition Corp. Announces Closing of Initial Public Offering & Full Exercise of Underwriters’ Option to Purchase A...
June 19 2020 - 5:30PM
Business Wire
Trebia Acquisition Corp. (the “Company”) (NYSE: TREB.U) today
announced the closing of its initial public offering of 51,750,000
units, which includes 6,750,000 units issued upon the exercise of
the underwriters’ overallotment option, which was exercised in
full, at a public offering price of $10.00 per unit. Each unit
consists of one Class A ordinary share of the Company and one-third
of one redeemable warrant. Each whole warrant entitles the holder
to purchase one Class A ordinary share of the Company at a price of
$11.50 per share. The units are listed on the New York Stock
Exchange (the “NYSE”) under the symbol “TREB.U”. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the NYSE
under the symbols “TREB” and “TREB.WS,” respectively.
Sponsors of the Company are Trasimene Trebia, LP, an affiliate
of Trasimene Capital Management, LLC, led by William P. Foley, II,
and BGPT Trebia LP, an affiliate of Bridgeport Partners LLC, led by
Frank Martire, Jr.
Credit Suisse Securities (USA) LLC and BofA Securities are
acting as joint book-running managers for the offering, and Moelis
& Company LLC is acting as the co-manager for the offering. The
offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained, for free by
visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively,
copies of the prospectus, when available, may be obtained for free
from the offices of Credit Suisse, Attention: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, NC 27560,
telephone: (800)-221-1037 or by emailing:
usa.prospectus@credit-suisse.com; or BofA Securities, Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001 or by emailing:
dg.prospectus_request@bofa.com.
Registration statements relating to the securities became
effective on June 16, 2020. 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.
About Trebia Acquisition Corp.
Trebia Acquisition Corp. is a newly incorporated blank check
company whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses or
entities. For more information please visit
https://www.trebiaacqcorp.com/.
About Trasimene Capital Management, LLC and Bridgeport
Partners LLC
Trasimene Capital Management, LLC, an investment advisory firm
formed in 2019, provides corporate management and investment
advisory services to its clients, including Cannae Holdings, Inc.,
a publicly traded diversified holding company with investments in a
variety of industries including Financial Services, Technology
Enabled Healthcare Services and Restaurants. For more information
please visit Trasimene Capital Management, LLC at
https://www.trasimenecapitalmgmt.com.
Bridgeport Partners LLC, an investment advisory firm formed in
2019, is led by seasoned operators and investors with more than
three decades of experience successfully building and leading
financial services and technology companies across multiple public
company platforms. For more information please visit Bridgeport
Partners LLC at https://www.bgptpartners.com.
Trasimene Capital Management, LLC and Bridgeport Partners LLC
have a proven track record of driving shareholder value as
operators and investors across multiple public company platforms,
including at Black Knight, Inc. (NYSE: BKI), Cannae Holdings, Inc.
(NYSE: CNNE), Fidelity National Financial, Inc. (NYSE: FNF),
Fidelity National Information Services, Inc. (NYSE: FIS) and
Fiserv, Inc. (NYSE: FISV).
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
forward-looking statements. All of these statements are based on
management’s expectations as well as estimates and assumptions
prepared by management that, although they believe to be
reasonable, are inherently uncertain. These statements involve
risks and uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of
Company’s control that may cause its business, industry, strategy,
financing activities or actual results to differ materially. The
Company undertakes no obligation to update or revise any of the
forward-looking statements contained herein, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200619005494/en/
Tanmay Kumar Chief Financial Officer info@trebiaacqcorp.com
(646) 450-9187
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