Trepont Acquisition Corp I
TACA-UN
New York Stock Exchange10.05
USD
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Trepont Acquisition Corp I
TACA-UN
(New York Stock Exchange)
Recent
price
10.05
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Trepont Acquisition Corp I (TACA-UN) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has no current significant operations or revenues and focuses on targets primarily in the technology sector, including software, communications, artificial intelligence, machine learning, data analytics, 5G, Internet of Things (IoT), cloud computing, edge computing, security, and related services. It was founded in 2020 and is headquartered in San Francisco, California. The company's securities consist of units comprising one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share following separation from the units; it raised $230 million in its initial public offering in December 2020, listing on the New York Stock Exchange. Geographically, Trepont targets companies on a global basis without specified regional limitations. In May 2022, the company announced the redemption of all outstanding Class A ordinary shares at approximately $10.10 per share net of taxes and expenses, following its failure to complete an initial business combination within the 18-month deadline from its IPO closing, which expired on June 4, 2022. It canceled a shareholder meeting intended to vote on a deadline extension and proceeded to liquidate its trust account effective June 10, 2022, ceasing all operations except for winding up. No mergers, acquisitions, partnerships, funding rounds, or new product launches were completed prior to liquidation.