Seasoned real estate investment professionals complete Trinity Merger Corp’s $345 million Nasdaq IPO.

HONOLULU–(BUSINESS WIRE)–Trinity Merger Corp. (the “Company”), a special purpose acquisition vehicle led by seasoned real estate investment professionals Lee S. Neibart and Sean A. Hehir, today announced the closing of its initial public offering to the savings (“IPO”) in which he raised gross proceeds of $345 million.

The Company intends to focus on business combination candidates with a real estate component and an enterprise value of approximately $750 million to $2 billion.

The Company sold 34.5 million units at $10.00 per unit under the IPO, which includes 4.5 million units issued following the exercise in full by the underwriter of its option to over-allocation. The Company’s units began trading on the NASDAQ Capital Market (“NASDAQ”) under the symbol “TMCXU” on May 15, 2018.

Each unit consists of one Class A common share of the Company and one warrant to purchase one Class A common share of the Company at an exercise price of $11.50 per share. Once the securities comprising the units begin trading separately, the Class A common stock and the warrants are expected to trade on NASDAQ under the symbols “TMCX” and “TMCXW”, respectively.

B. Riley FBR, Inc. was the sole bookrunner for the offering.

Mr. Neibart is Chairman of the Board of the Company and Mr. Hehir is the Chief Executive Officer and President. The two have worked together for over 20 years, partnering on several large institutional real estate transactions. In total, the company’s management team has acquired over 50 hotels with over 30,000 keys in the United States and abroad.

Mr. Neibart has over 40 years of experience in the areas of commercial real estate investment, mergers and acquisitions and strategic business planning. He has held senior positions at Ares Real Estate Group, HBS Global Properties and AREA Property Partners. Mr. Neibart also has experience as a director of various public and private companies. The Company is Mr. Neibart’s second property-related SPAC. He released NRDC Acquisition Corp. in October 2007. This vehicle converted to a real estate investment trust and changed its name to Retail Opportunity Investments Corp. (NASDAQ: ROIC) in 2009.

Mr. Hehir has over 20 years of real estate investment and asset management experience, and is currently President and Chief Executive Officer of Trinity Real Estate Investments LLC, a private equity real estate firm (“Trinity Investments “). Since joining Trinity Investments in May 1998, Mr. Hehir has executed over $4 billion in global real estate transactions. Prior to joining Trinity Investments, Mr. Hehir worked for HVS International, a leading hospitality industry consultancy.

Besides Messrs. Neibart and Hehir, the Company’s Board of Directors includes Richard F. Wacker, President and CEO of American Savings Bank, FSB; Catherine Luke, President and Director of Loyalty Enterprises Ltd.; and Warren R. de Haan, co-founder and managing partner at ACORE Capital, LP.

The public offering has been made solely by means of a prospectus, copies of which may be obtained from: B. Riley FBR, Inc., Attention: Prospectus Department, 1300 14th Street North, Suite 1400, Arlington, VA 22209, or by phone at (800) 846-5050 or by email at [email protected]

A registration statement (including a preliminary prospectus) relating to the securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on May 14, 2018. This press release does not constitute an offer to sale or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws on the securities of such state or territory.

About Trinity Merger Corp.

Trinity Merger Corp. is a special purpose acquisition company formed by HN Investors LLC, a subsidiary of Trinity Real Estate Investments LLC, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, a similar reorganization or business combination with one or more companies. Although the Company may pursue an initial business combination objective in any business or industry, it plans to focus its research on acquiring an operating company or a business with a real estate component ( such as a business in the hotel, lodging, gaming, real estate or property services or asset management industries).

Caution Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the intended use of the net proceeds of the offering. There can be no assurance that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and the Company’s offering prospectus filed with of the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.