NEW YORK--(BUSINESS WIRE)--Trepont Acquisition Corp I announced the closing today of its initial public offering of 23,000,000 units at a price of $10.00 per unit, including an additional 3,000,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option. The units began trading on the New York Stock Exchange under the ticker symbol “TACA.U” on December 2, 2020. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on NYSE under the symbols “TACA” and “TACA.WS,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses that operate in enterprise & disruptive software, communications, artificial intelligence, machine learning, data analytics 5G, IoT, services and related sectors. Our management team is led by our Co-Founders Arun Sarin, the Chairman of the Board, who was previously Chief Executive Officer of Vodafone Group plc, and Ori Sasson, our Chief Executive Officer and Chief Financial Officer, who was previously the founder and Chief Executive Officer of Scopus and Chief Executive Officer of Genesys Telecommunications Laboratories. Our Co-Founders have over six decades of combined experience leading, advising and investing in public and private technology and telecommunications businesses.