Terrapin 3 Acquisition Corp. (NASDAQ: TRTLU) launched a $217 million IPO with Deutsche Bank Securities as the sole underwriter. The IPO consists of 21.7 million units, each including one share of common stock and one warrant. The management risk capital is $6 million, and the sponsor promote involves shares equivalent to 20% of common equity post-raise. Key management includes Nathan Leight, Sanjay Arora, and Guy Rankin. The company aims to effect mergers or similar business combinations, with Macquarie Capital providing advisory expertise. The document highlights the company's successful track record with previous SPACs and its investment focus on value-oriented acquisitions.
documents/EFTA01369725.pdf
{}