Thimble Point Acquisition offered 4 million more units than initially planned to raise $240 million in an IPO. The amount was 20 percent greater than the anticipated $200 raise the SPAC registered last month.
Thimble Point said it will focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets.
Units begin trading today on the Nasdaq under THMAU. Read more.