Tech-focused Trailblazer Merger I downsized a planned public offering to 6 million units, which is 11% less than the 6.75 million units initially registered with the sec in July.
Units will now consist of one share and one right to receive a tenth of a share. warrants have been eliminated.
The SPAC's focus remains on US companies within the tech industry.
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.
The SPAC said it has applied for listing on the Nasdaq under the symbol TBMCU, with LifeSci Capital and Ladenburg Thalmann serving as joint book-running managers. Read more.
Source: Trailblazer Merger I Trims 11% Off Deal Offer Ahead of M IPO