Tuscan Holdings Corp. II (THCAU), announced the pricing of their surprise upsized $150 million SPAC IPO this evening. Tuscan II’s units are expected to begin trading Friday, July 12th, under the symbol Nasdaq: THCAU.
Tuscan II, much like the first Tuscan, will be focusing on the Cannabis sector and will be led by Stephen Vogel.
Total SPAC deal count for 2019 year-to-date is now 30 with $7.225 billion in gross proceeds raised. The offering is expected to close on July 16, 2019.
Congratulations to all.
EarlyBirdCapital, Inc. acted as sole book-running manager, I-Bankers Securities, Inc. acted as co-manager.
Graubard Miller and Ellenoff Grossman & Schole LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.