Trailblazer Merger I priced its initial public offering of 6 million units at $10 each. The units listed today on the nasdaq and trade under the ticker symbol TBMCU. Each consists of one share and one right to receive one-tenth of a share upon the SPAC's completion of a merger.
After the securities begin separate trading, shares and rights are expected to list under the symbols TBMC and TBMCR. The offering is expected to close Friday.
The SPAC's focus is on US companies within the tech industry. Trailblazer initially registered in July to raise $67.5 million, downsizing the offering in January before today's float.
CEO Arie Rabinowitz is the co-founder of LH Financial Services Corp., a family office service company for a single family. Rabinowitz was vice president and CIO of LH Financial from inception in 1997 until 2010.