Thunder Bridge Capital Partners III Iclosed its IPO of 41.4 million units, including 5.4 million units issued pursuant to the exercise in full of the underwriters’ over-allotment option. The offering was priced at $10 per unit.
Units trade on the Nasdaq under TBCPU. Each consists of one share of the company’s Class A common stock and one-fifth of one redeemable warrant. Each 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 are expected to trade under TBCP and TBCPW, respectively.
Thunder Bridge III is focused on companies in the financial services industry.
The SPAC is led by CEO Gary Simanson. His most recent SPAC, Thunder Bridge II, announced an $840 million merger agreement with indie Semiconductor in December. Read more.
