Thunder Bridge Acquisition II, Ltd. (THBRU), announced the pricing of their $300 million SPAC IPO this evening. Thunder Bridge II’s units are expected to begin trading Friday, August 9th, under the symbol NASDAQ: THBRU.
Thunder Bridge II will focus on the financial services and fintech sectors. Similar to the original Thunder Bridge, Thunder Bridge II will be led by Gary Simanson as President, CEO and Director.
Total SPAC deal count for 2019 year-to-date is now 39 with $9.29 billion in gross proceeds raised. The offering is expected to close on August 13, 2019.
Congratulations to all.
Morgan Stanley and Cantor Fitzgerald & Co. acted as joint book-running managers. Ellenoff Grossman & Schole LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.
DT Cloud Star (NASDAQ:DTSQU) filed an S-1 to raise $60 million as the second SPAC by its sponsor team, but this venture would be the 13th foray by underwriter Alliance Global Partners and the first under its new branding as AGP. However, three of those initial filings have subsequently been withdrawn. Nonetheless, AGP is offering...
At the SPAC of Dawn Tuesday brings another packed day in a packed week of potentially market-moving events and individual SPAC actions. The market today will take in the update on US consumer confidence readings as well as the employment cost index and Treasury’s decision on its quarterly refunding plans. An unusually large portion of...
Few target companies have gone through a greater amount of change through the course of their de-SPACing process than digital transformation firm Noventiq, which makes its latest update via a new investor presentation a particularly interesting read. When it initially announced its combination with Corner Growth (NASDAQ:COOL) in May 2023, Noventiq was still listed in...
At the SPAC of Dawn Several sleepy weeks in SPACland come to an end today with five votes, including BITE‘s (NYSE:BITE) completion vote for its combination with plant-based food producer Above Food. Similarly, CONX (NASDAQ:CONX) is to hold its tender offer to complete its acquisition of the DISH Wireless HQ. Two more SPACs are holding...
Terms Tracker for the Week Ending April 26, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As expected, it was a quiet week on the new issuance front thanks to Passover and school spring break. Other than 8-ks and some amendments...