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Trajectory Alpha Acquisition Corp. SPAC Completes IPO
- Client News
- December 14, 2021
Practices
Paul, Weiss advised special purpose acquisition company Trajectory Alpha Acquisition Corp. in its $172.5 million initial public offering. The offering included 17.25 million units after the underwriter exercised its over-allotment option in full. Each unit consists of one share of Class A common stock and one half of one public warrant, with each whole public warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50. The units are trading under the ticker symbol “TCOA.U” on the NYSE.
The company plans to target disruptive, technology-driven businesses that leverage unique intellectual property and proprietary data to develop a sustainable competitive advantage and dislodge slower moving incumbents in their end markets.
The Paul, Weiss team included corporate partner Raphael Russo.