N.Y. Company to Acquire Game Firm in Stock Swap
T HQ Inc., a Calabasas company that develops and markets games for the Nintendo home video system, has agreed to be acquired by Trinity Acquisition Corp. in a stock swap valued at about $33 million.
According to a filing with the Securities and Exchange Commission, each common share of T HQ will be exchanged for 67,100 common shares of Trinity, a New York-based shell company. T HQ’s shareholders will end up owning 51.7% of the new company, the filing stated.
T HQ also develops and markets traditional toys and games through a Hong Kong subsidiary, including a line of figures and accessories based on Fox Television’s “Peter Pan and the Pirates,” a figure based on the rap musician Vanilla Ice, and a board game based on the movie “Home Alone.”
Trinity was formed in 1989 and raised $2.3 million in an initial public offering last year.
It's a date
Get our L.A. Goes Out newsletter, with the week's best events, to help you explore and experience our city.
You may occasionally receive promotional content from the Los Angeles Times.