Thimble Point Acquisition closed its upsized IPO of 27.6 million units at $10 per unit, which includes the exercise in full by the underwriters of their over-allotment option to purchase an additional 3.6 million units.
Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at $11.50 per share, subject to adjustment.
Units trade on the Nasdaq under THMAU. Once the securities comprising the units begin separate trading, shares and warrants will list under THMA and THMAW, respectively.
The SPAC plans to focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets. Read more.
