Three companies are expected to price shares on US exchanges this week, including two blank-check companies and an edtech company.
Trinity Merger Corp (NASDAQ:TMCXU) will price its shares on Tuesday. Based in Honolulu, the company was founded in 2018 by Trinity Investments as a special purpose acquisition company for real estate. The company will issue 30 million shares at US$10 and may raise as much as US$300mln.
VectoIQ Acquisiton Corp (VTIQU) is the second special purpose acquisition company to price its shares at the beginning of the week. The New York-based company was founded in 2018 by VectoIQ, an advisory firm for smart transportation start-ups. Former General Motors Company (NYSE:GM) executive Steve Girsky serves as the managing partner. The company will issue 20 million shares at US$10, raising up to US$200mln.