Twelve Seas Investment Company II announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TWLVU,” Friday, February 26.
The new company aims to combine with an international business valued between $500 million and $2 billion that would benefit from a US listing. Twelve Seas II is led by Chairman Neil Richardson, CEO Dimitri Elkin and CFO Jonathan Morris.
Total SPAC deal count for 2021 year-to-date is now 187. This offering is expected to close on Tuesday, March 2.
Mizuho Securities USA LLC is acting as the book-running manager for this offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.