---
title: "SPAC Tribeca Strategic Acquisition prices downsized $140 million IPO, targeting software and AI"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288068105.md"
description: "SPAC Tribeca Strategic Acquisition priced its downsized IPO at $140 million, offering 14 million units at $10 each. Led by Timothy Ramdeen, the firm targets high-growth sectors including software, AI, digital assets, and clean energy. The company will trade on Nasdaq under BIDWU, with BTIG serving as sole bookrunner."
datetime: "2026-05-29T12:27:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288068105.md)
  - [en](https://longbridge.com/en/news/288068105.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288068105.md)
---

# SPAC Tribeca Strategic Acquisition prices downsized $140 million IPO, targeting software and AI

Tribeca Strategic Acquisition, a blank check company targeting software, technology, and AI, raised $140 million by offering 14 million units at $10. Each unit consists of one share of common stock, and one right to receive one-tenth of one share at the time of the business combination.

Tribeca Strategic Acquisition is led by **CEO and Chairman Timothy Ramdeen**, the CEO of Hudson Strategic Advisors, and co-founder and CEO of Dharma Capital Advisors. He is joined by **CFO, COO, and Director Sukhvinder Gill**, the former Chief Investment Officer and founding member of March 2025 IPO RedCloud Technology (RCT; -84% from IPO price). The SPAC plans to target businesses in the software, technology, artificial intelligence, digital asset, clean energy and other high growth sectors, inlcuding data center infrastructure, services, financial technology/asset management/neobanks, high growth consumer brands/marketplaces, creator economy, renewable energy, critical minerals, AI, digital assets, and quantum computing.

The New York, NY-based company will trade on the Nasdaq under the symbol BIDWU. BTIG acted as sole bookrunner on the deal.

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