Thunder Bridge Capital Partners III priced its upsized IPO of 36 million units at $10 each.
Units begin trading today on the Nasdaq under TBCPU. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant. A whole warrant entitles the holder to purchase one share of common stock at $11.50.
Once the securities comprising the units begin separate trading, shares and warrants will list under TBCP and TBCPW, respectively.
The fintech-focused SPAC plans to target businesses that provide data processing, storage and transmission services, data bases and payment services, fraud detection, data analysis or verification, client or customer interface, or have adopted operations in the financial services industry that are more technologically driven.
The SPAC is led by President, CEO and Director Gary Simanson, founder and CEO of Thunder Bridge Capital. His most recent SPAC, Thunder Bridge II, announced an $840 million merger agreement with indie Semiconductor in December. Read more.
