Trajectory Alpha Acquisition Corp. SPAC Completes IPO

Paul, Weiss advised special purpose acquisition company Trajectory Alpha Acquisition Corp. in its $172.5 million initial public offering. The offering included 17.25 million units after the underwriter exercised its over-allotment option in full. Each unit consists of one share of Class A common stock and one half of one public warrant, with each whole public warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50. The units are trading under the ticker symbol “TCOA.U” on the NYSE.

The company plans to target disruptive, technology-driven businesses that leverage unique intellectual property and proprietary data to develop a sustainable competitive advantage and dislodge slower moving incumbents in their end markets.

The Paul, Weiss team included corporate partner Raphael Russo.