Trine II Acquisition Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--trine ii acquisition corp. (nyse: traq) (the “company”), a publicly-traded special purpose acquisition company, today announced that it will redeem all of its outstanding class a ordinary shares, par value $0.0001 (the “public shares”), effective as of may 2, 2023, because the company will not consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (the “amended and restated memorandum and articles of association”). as stated in the company’s registration statement on form s-1, effective as of november 2, 2021, and in the company’s amended and restated memorandum and articles of association, if the company is unable to complete an initial business combination within 18 months of the closing of the company’s initial public offering, the company will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to the company to fund tax obligations, if any (less up to $100,000 of interest to pay dissolution expenses) divided by the number of the then-outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the company’s remaining shareholders and directors, liquidate and dissolve, subject in each case to the company’s obligations under cayman islands law to provide for claims of creditors and the requirements of other applicable law...

New york--(business wire)--trine ii acquisition corp. (“trine ii”) announced today that holders of the units sold in trine ii’s initial public offering of 41,400,000 units may elect to separately trade the class a ordinary shares and warrants included in the units commencing on or about december 27, 2021. class a ordinary shares and warrants that are separated will trade on the new york stock exchange under the symbols “traq” and “traq.ws,” respectively. those units not separated will continue to trade on the new york stock exchange under the symbol “traq.u.” no fractional warrants will be issued upon separation of the units and only whole warrants will trade. holders of the units will need to have their brokers contact continental stock transfer & trust company, trine ii’s transfer agent, in order to separate the units into the class a ordinary shares and warrants...