Trinity Merger Corp. and Broadmark Announce Merger Agreement
TRINITY MERGER CORP UNIT (TMCXU)
Company Research
Source: Business Wire
Formation of $1.5 billion internally-managed commercial mortgage REIT Combined company well-positioned to capitalize on strong nationwide demand for flexible real estate financing solutionsCurrent Broadmark management team to lead combined companyJoint investor conference call scheduled for Tuesday, August 13 at 10:00 am EST HONOLULU & SEATTLE--(BUSINESS WIRE)--Trinity Merger Corp. (“Trinity”) (Nasdaq: TMCX, TMCXU, TMCXW), a special purpose acquisition company, and the Broadmark real estate lending companies and management companies (“Broadmark”), specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties, announced today that they have entered into a definitive merger agreement for a business combination transaction to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion (assuming no redemptions by Trinity stockholders or Br
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