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Twin Ridge Capital Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

MENLO PARK, Calif., March 03, 2021 (GLOBE NEWSWIRE) -- Twin Ridge Capital Acquisition Corp. (the a??Companya??), a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (the a??NYSEa??) and trade under the ticker symbol a??TRCA.Ua?? beginning March 4, 2021. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and redeemable warrants will be listed on the NYSE under the symbols a??TRCAa?? and a??TRCA WS,a?? respectively.
The Company is sponsored by Twin Ridge Capital Sponsor, LLC, an affiliate of Twin Ridge Capital Management (a??Twin Ridgea??). The Company will be led by Twin Ridge Partners Dale Morrison, Sanjay K. Morey and William P. Russell, Jr. While the Company may pursue an initial business combination target in any industry, it currently intends to pursue opportunities in the consumer and distribution related and adjacent industries.Barclays Capital Inc. and Evercore Group L.L.C. are serving as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.The offering is expected to close on March 8, 2021, subject to customary closing conditions.The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at Barclaysprospectus@broadridge.com or by telephone at (888) 603-5847 and/or Evercore Group L.L.C., Attn: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by phone at (888) 474-0200, or by email at ecm.prospectus@evercore.com.
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