Thimble Point Acquisition II Files for $200M IPO

Thimble Point Acquisition

Thimble Point Acquisition II registered with the SEC to offer 20 million units at $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable for a share at $11.50.

The new SPAC said it intends to focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets.

Thimble Point II is led by CEO Elon Boms, who is also managing director of the Pritzker Vlock Family Office. Other members of the management team are associated with the Pritzker Vlock Family Office, as well as VC firm LaunchCapital.

The teams’s first Thimble Point SPAC announced a $1.6 billion deal with Pear Therapeutics earlier this week.

Citigroup and Credit Suisse are joint bookrunners on the deal. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments, if any.

The SPAC intends to apply for a Nasdaq listing under THMBU. Read more.


Related Posts
Read More

BCC Investment Files for $300M IPO

The SPAC intends to focus on opportunities primarily in North America, Europe and Asia that complement the sponsor's and management team’s background, especially companies with an established business model and defensible market position.
Read More

Aldel Financial Closes $115M IPO

Aldel said it will not limit its search for a target company to any particular business segment, but will concentrate on companies exiting the restructuring process, or businesses that have transient current ownership.