Trine II Acquisition Corp.
TRAQ-WT
New York Stock Exchange0.00
USD
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Trine II Acquisition Corp.
TRAQ-WT
(New York Stock Exchange)
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Trine II Acquisition Corp. (TRAQ-WT) operates as a blank check company whose warrants entitle holders to purchase Class A ordinary shares upon consummation of an initial business combination; it does not conduct active operations but maintains liquidity through its trust account primarily invested in U.S. Treasury securities and money market funds. Incorporated as a Cayman Islands exempted company in 2021 and headquartered in New York, New York, the company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, targeting sectors such as technology, media, and telecommunications on a global basis. It raised $414 million in its November 2021 initial public offering, including full exercise of the over-allotment option, priced at $10.00 per unit comprising one Class A ordinary share and one-half of one redeemable warrant. In April 2023, Trine II announced it would redeem all outstanding public shares at approximately $10.35 per share effective May 2, 2023, after failing to complete a business combination within the required timeframe, ceasing operations except for winding up, delisting from the NYSE, and liquidating; warrants expired worthless with no redemption rights. As of late 2025, the entity's warrants (TRAQ-WT) continue trading post-liquidation of the underlying shares, reflecting no recent mergers, acquisitions, new offerings, or strategic shifts.