Trinity Partners Acquisition Company, Inc.
Number of units being sold: 143,750 Class A units and 747,500 Class B units
Price per unit: $10.50 per Class A unit and $10.10 per Class B unit
Terms of deal: Each Class A unit consists of two shares of common stock and warrants for ten shares of common stock exercisable at $5.00 per share. Each Class B unit consists of two share of Class B common stock and warrants for two shares of common stock exercisable at $5.00 per share.
Underwriters: HCFP/Brenner Securities LLP
Ticker symbols
Common stock: TPQCA and TPQCB
Warrants: TPQCW and TPQCL
Units: TPQCU and TPQCZ
Common shares outstanding subsequent to IPO: 287,600 shares of common stock and 1,495,000 shares of Class B common stock
Shares held by public shareholders: 143,750 shares of common stock and 1,495,000 shares of Class B common stock
Shares held by insiders: 100 shares of common stock
Percentage held by public shareholders: Less than 1.00%. The management team has been issued a large number of warrants as an incentive.
Gross proceeds raised: $9,059,125
Net proceeds held in escrow: $7,549,750
Escrowed proceeds per share applicable to future public shareholders: $5.05 (Class B common shares only)
Date of IPO: July 30, 2004
Date of original filing: May 10, 2004
Current stock price (as of January 7, 2005)
Common stock: TPQCA ($4.00) and TPQCB ($4.75)
Warrants: TPQCW ($.70) and TPQCL ($1.01)
Units: TPQCU ($16.00) and TPQCZ ($12.00)
Description of business: We are a blank check company organized under the laws of the State of Delaware on April 14, 2004. We were formed to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a currently unidentified operating business with significant growth potential. Our efforts in identifying a prospective target business will not be limited to a particular industry. To date, our efforts have been limited to organizational activities.
Biographical information for significant officer: Lawrence Burstein has served as our president, treasurer and a member of our board of directors since our inception. Since March 1996, Mr. Burstein has been president and a principal stockholder of Unity Venture Capital Associates Ltd., a private investment company. For approximately ten years prior to 1996, Mr. Burstein was the president, a director and principal stockholder of Trinity Capital Corporation, a private investment company. Trinity ceased operations upon the formation of Unity Venture in 1996. Mr. Burstein is also a director of THQ, Inc., a Nasdaq National Market-listed developer and publisher of interactive entertainment software for the major hardware platforms in the home video industry; CAS Medical Systems, Inc., an OTC Bulletin Board-listed company which manufactures and markets blood pressure monitors and other disposable products principally for the neonatal market; Medical Nutrition USA, Inc., an OTC Bulletin Board-listed company which principally manufactures and distributes nutritional supplements for the weight loss and elder care markets; I.D. Systems, Inc., a Nasdaq SmallCap-listed company, which designs, develops and produces a wireless monitoring and tracking system which uses radio frequency technology; and Traffix, Inc., a Nasdaq National Market-listed marketing company that develops and operates internet-based marketing programs as well as direct marketing programs. Mr. Burstein received a B.A. from the University of Wisconsin and an L.L.B. from Columbia Law School.
SEC filings: sec.gov |
