- Prison phone firm ViaPath Technologies is in discussions to public through SPAC Tristar Acquisition I Corp. ( NYSE: TRIS ).
- A deal may value the company, that provides phone and other services to prisoners across the country, at more than $1.5 billion, according to a Bloomberg report Friday, which cited people familiar. No deal has been reached and talks could still fall apart.
- Tristar Acquisition ( TRIS ) priced its initial public offering of 20 million shares at $10.00/share in October 2021.
- The potential ViaPath deal comes after Bloomberg reported in October 2021 that a different SPAC was said to have approached Platinum Equity, the private equity owner of Securus Technologies, about a potential deal to take the prison phone operator public .
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Prison phone company ViaPath in talks to go public through SPAC Tristar - report