Tribeca Strategic Acquisition Corp. priced its initial public offering of 14 million units at $10.00 per unit, raising $140 million. The units are expected to begin trading on the Nasdaq Global Market on May 29, 2026, under the ticker symbol "BIDWU."

Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon completion of an initial business combination. The company stated no warrants are being issued in connection with this offering.

Once the securities begin separate trading, the Class A ordinary shares and share rights are expected to trade on Nasdaq under the symbols "BID" and "BIDWR," respectively. The offering is expected to close on June 1, 2026, subject to customary closing conditions.

Tribeca Strategic is a blank check company formed to effect a merger, acquisition, or similar business combination with one or more businesses. The company intends to focus on identifying targets in software, technology, artificial intelligence, digital assets, clean energy, and other high growth sectors.

BTIG, LLC serves as sole book-running manager for the offering, with Odeon Capital Group LLC acting as co-manager. The company has granted underwriters a 45-day option to purchase up to an additional 2.1 million units at the IPO price to cover over-allotments.

A registration statement relating to the securities became effective on May 28, 2026, according to the company's announcement.