TradeZero to Become Public Through A SPAC Merger

TradeZero, an online broker and stock trading platform, announced that it will become a public traded company through a business combination with Dune Acquisition Corporation, a special purpose acquisition company.

According to the press release, the combined company will be called TradeZero Global Inc. upon the closing of the business combination and is expected to be listed on the New York Stock Exchange under a new ticker symbol, “TRAD”.

Founded in 2015, TradeZero provides retail traders with professional-grade market access, sophisticated trading tools, and 24x7 live customer service. It gained popularity earlier this year with the meme stock frenzy, resulting in a massive surge in its new customers.

“We believe that we are in the early-innings of addressing an underserved end-market ripe for continued investment,”Daniel Pipitone, Co-Founder and CEO of TradeZero said.”We are pleased to announce this milestone of a public listing and partnership with Dune, which we believe will accelerate our strategic direction to best capitalize on the expanding scope of active trading.”

“We are excited to partner with Daniel, Kosta Corriveau, and the rest of TradeZero’s management team to bring this next-generation trading platform to the public markets. A founder-led business, TradeZero is a scaled, growth asset with superior operating margins and a differentiated product offering,”Carter Glatt, Founder and CEO of Dune added.