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SPAC · Merger completed

Trinity Merger Corp.

Business combination with Broadmark Realty

Trinity Merger Corp. is a blank-check company (SPAC) that raised $300M in its initial public offering on May 15, 2018, listing on NYSE. It completed its business combination with Broadmark Realty on Nov 14, 2019; the combined company is Broadmark Realty Capital Inc. (BRMK). Gibson Dunn advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Broadmark Realty, based in Seattle, Washington, offers short-term, first deed of trust loans secured by real estate in multiple regions of the United States. The loans fund the acquisition, renovation, rehabilitation or development of residential or commercial properties.

Status
Merger completed
IPO date
May 15, 2018
IPO size
$300M
IPO exchange
NYSE
Target
Broadmark Realty (Pyatt Broadmark entities)
Announced
Aug 12, 2019
Closed
Nov 14, 2019
Combined company
Broadmark Realty Capital Inc. (BRMK)
SPAC counsel (IPO)
Gibson Dunn
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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