Tribeca Strategic Acquisition (BID) has priced its initial public offering of 14 million units at $10 per unit for total expected gross proceeds of $140 million, the blank-check firm said late Thursday.

Each unit consists of one class A ordinary share and one right to receive one-tenth of a class A share, the company said.

The units are expected to debut on the Nasdaq Global Market on May 29 under the ticker "BIDWU." The underlying securities will later trade separately under "BID" for stocks and "BIDWR" for rights.

Closing of the offering is expected to occur on June 1, subject to customary closing conditions.