Tribeca Strategic Acquisition Corp. is conducting an initial public offering of 14,000,000 units at $10.00 per unit for aggregate gross proceeds of $140,000,000. Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon consummation of an initial business combination. The prospectus states $140,350,000 will be placed in a U.S.-based trust account (or $161,402,500 if the underwriters’ over-allotment option is exercised in full). The sponsor and BTIG committed to purchase an aggregate of 470,000 private placement units at $10.00 per unit in a simultaneous private placement. Founder shares (initial Class B ordinary shares) were issued and will convert one-for-one on conversion terms described, and the company has a 21-month completion window to effect an initial business combination, subject to permitted extensions.
Tribeca Strategic Acquisition Corp. director Tomba Mattia filed an initial ownership report showing holdings tied to 20,000 Class B ordinary shares. These Class B shares are convertible into 20,000 Class A ordinary shares on a one-for-one basis, automatically at the time of the company’s initial business combination or earlier at the holder’s option.
Tribeca Strategic Acquisition Corp. director Andrew John Oakley filed an initial ownership report showing holdings of Class B ordinary shares. He holds 20,000 Class B shares, which are structured to automatically convert into 20,000 Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at his option.
Tribeca Strategic Acquisition Corp. director Dunham Gilbert H Jr. filed an initial Form 3 reporting his beneficial ownership in the company. He holds 20,000 Class B ordinary shares, which are structured to automatically convert into 20,000 Class A ordinary shares on a one-for-one basis.
According to the terms described in the company’s Form S-1, this conversion will occur at the time of the company’s initial business combination, or earlier at the holder’s option, subject to specified adjustments. The Class B shares have a stated exercise price of $0.0000, highlighting their founder-style, promotional nature rather than a market purchase.
Tribeca Strategic Acquisition Corp. director Mihir Vikas Dange filed an initial ownership report on Form 3. The filing shows direct ownership of 20,000 Class B ordinary shares, which are referred to as founder shares in the issuer’s registration statement.
According to the disclosure, these Class B ordinary shares will automatically convert into 20,000 Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, subject to adjustments described in the registration statement. The Form 3 does not report any buy or sell transaction, only this initial position.
Tribeca Strategic Partners Holdco LLC reported initial beneficial ownership of 4,586,667 Class B ordinary shares of Tribeca Strategic Acquisition Corp. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis in connection with, or prior to, the company’s initial business combination, subject to adjustments described in its registration statement.
The holding includes up to 700,000 Class B shares that may be forfeited if the underwriters of the initial public offering do not fully exercise their over-allotment option. Tribeca Strategic Partners LLC is the managing member of the sponsor, and Timothy R. Ramdeen and Sukhvinder Gill, as its managing members, may be deemed to share beneficial ownership through their voting and investment discretion, while disclaiming beneficial ownership beyond their pecuniary interests.