Tribeca Strategic Acquisition Corp. (NASDAQ: BIDWU) completed its initial public offering of 14 million units at $10.00 per unit, generating gross proceeds of $140 million. The units began trading on the Nasdaq Global Market on May 29, 2026.

Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completion of a business combination. The company did not issue warrants in connection with the offering. The Class A ordinary shares and share rights are expected to trade separately under the symbols "BID" and "BIDWR."

Alongside the public offering, the company closed a private placement of 470,000 units at $10.00 per unit, raising an additional $4.7 million in gross proceeds. Tribeca Strategic Partners Holdco LLC, the company's sponsor, purchased 330,000 units, while BTIG, LLC purchased 140,000 units. The company placed $140.35 million in trust from the combined proceeds.

Tribeca Strategic Acquisition Corp. operates as a blank check company seeking to complete a merger, acquisition, or similar business combination. The company stated it intends to focus on targets in software, technology, artificial intelligence, digital assets, clean energy, and other growth sectors.

BTIG, LLC served as sole book-running manager for the offering, with Odeon Capital Group LLC acting as co-manager. The underwriters received a 45-day option to purchase up to 2.1 million additional units to cover over-allotments.

The Securities and Exchange Commission declared the company's registration statement effective on May 28, 2026.