Twelve Seas Investment II priced its IPO of 30 million units at $10 each, an upsize of 5 million more units than anticipated.
Units begin trading today on the Nasdaq under TWLVU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisble at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants will list under TWLV and TWLVW, respectively.
The SPAC intends to focus its search on companies located outside the United States, primarily in the Pan-Eurasian region, including Western Europe, Eastern Europe and the Middle East. Read more.
