MARKET

THCAU

THCAU

TUSCAN HOLDINGS CORP. II
NASDAQ

Real-time Quotes | Nasdaq Last Sale

10.25
-0.21
-2.01%
Closed 16:00 01/14 EST
OPEN
10.07
PREV CLOSE
10.25
HIGH
10.25
LOW
10.07
VOLUME
201
TURNOVER
--
52 WEEK HIGH
16.51
52 WEEK LOW
9.90
MARKET CAP
155.95M
P/E (TTM)
213.54
1D
5D
1M
3M
1Y
5Y
Tuscan Holdings Corp. Ii Receives Expected Nasdaq Notification Regarding Delayed Form 10-q
Tuscan Holdings Corp. II (NASDAQ:THCA) (“Tuscan II” or the “Company”), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share
Benzinga · 05/28/2021 20:31
Tuscan stockholders approve proposal to extend business combination date
Tuscan (THCAU) stockholders approved a proposal to extend the date by which the company has to close a business combination from Apr.16 to Sep.30.They also approved a proposal to approve
Seekingalpha · 04/16/2021 15:37
Tuscan Holdings II Shareholders Extend Deadline for Merger With Microvast
MT Newswires · 04/16/2021 14:40
Tuscan Holdings Shareholders Approve to Extend Deadline For Completing Business Combination
MT Newswires · 04/16/2021 11:38
Is Tuscan Holdings Corp. II's (NASDAQ:THCA) Shareholder Ownership Skewed Towards Insiders?
The big shareholder groups in Tuscan Holdings Corp. II ( NASDAQ:THCA ) have power over the company. Generally speaking...
Simply Wall St. · 03/02/2021 12:40
News Alert: Transfix Said In Talks To Go PublicIin Reverse Merger
Digital freight brokerage Transfix Inc. may be the reverse merger target of a $150 million special purpose acquisition company (SPAC), according to Bloomberg.Transfix and Tuscan are in exclusive negotiations, with terms yet to be finalized, according to a person with knowledge of the talks that Bloomberg did not identify because the discussions are private. Neither New York City-based Transfix nor Tuscan Holdings Corp. II (NASDAQ: THCA) would comment on discussions. Tuscan II raised $150 million for the SPAC in an initial public offering in July 2019. It sold 15 million shares at $10 each with half a warrant accompanying each share. A whole warrant entitles the holder to buy an additional share of stock in the merged company for $11.50. If all 7.5 million warrants are exercised, an additional $862.5 million would be raised.THCA shares closed Tuesday 4.61% higher at $10.67.Transfix was founded in 2013 and last valued at $800 million, according to PitchBook. It is led by co-founder and Chairman Drew McElroy, Chief Executive Officer Lily Shen and co-founder and Chief Technology Officer Jonathan Salama. Investors include G Squared, TriplePoint Venture Growth, New Enterprise Associates, Canvas Ventures and Lerer Hippeau.SPAC timeline SPACs have two years to find a privately held target company to agree to a merger. Money raised in the IPO is held in trust. It is transferred to the target company when the SPAC sponsors and leaders of the private company agree on a business combination.In its other SPAC worth $240 million, Tuscan Holdings signed a letter of intent Nov. 13 to combine with Microvast Inc., a provider of next-generation battery technologies for commercial and specialty use electric vehicles. SPACs often raise additional money for their "blank check" investments through private investment in public equity (PIPE). Sales of shares at $10 each typically go to mutual and hedge funds.According to SPAC Insider, 202 SPACs have been created this year worth $69.9 billion or an average of $346.1 million each. Most of those are looking for target companies.Other digital brokerages have been raising money through private equity. Loadsmart closed Nov. 20 on a $90 million Series C funding round led by BlackRock. A week earlier, Convoy received $400 million in a Series D round led by T. Rowe Price Investors. That valued Convoy at $2.75 billion. In October, Uber Freight raised $500 million in a round led by Greenbriar Equity Group.Related articles: Transfix releases Fleet Planner for small, midsize carriersTransfix lays off 10% of its staffShen takes reins as Transfix's new CEOClick for more FreightWaves articles by Alan Adler.See more from Benzinga * Click here for options trades from Benzinga * Waymo Deepens Investment In Autonomous Trucking * Best Buy To Close Mexico Operations By Dec. 31(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 12/02/2020 13:23
Tuscan Holdings Corp. Announces Intent to Combine With Microvast Inc.
Tuscan Holdings Corp. (Nasdaq: THCB) ("Tuscan") today confirmed that it has signed a letter of intent ("LOI") related to a business combination with Microvast Inc., a market leading provider of next-generation battery technologies for commercial and specialty use electric vehicles ("Microvast" or the "Company").
PR Newswire · 11/13/2020 17:24
Warrant Relative Value Updates September 2020: Low-Hanging Fruit
The robust pipeline of new SPACs and the fatigue of deal announcements may diminish the expected return from investing in pre-deal SPAC warrants.Recent market reaction seemed to suggest that the new normal is 2x-3x upside for solid names and well-received deals.On a Relative Value basis, Tuscan Holdings Corp. and Acamar Partners Acquisition Corp. are still low-hanging fruit.
Seekingalpha · 09/03/2020 06:32
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About THCAU
Tuscan Holdings Corp II is a blank check company. The Company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company’s prospective target business is not be limited to a particular industry or geographic region, but intends to focus its search for target businesses on companies in the cannabis industry. The Company was neither engaged in any operations nor has generated any revenues.

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