Thunder Bridge Capital Partners IV priced its IPO of 22.5 million units at $10 each.
Units begin trading today on the Nasdaq under THCPU. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant; whole warrants exercisable for a share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under THCP and THCPW.
Thunder Bridge Capital Partners IV intends to focus its search on companies in the financial services industry. The SPAC is led by CEO Gary Simanson, founder and CEO of Thunder Bridge Capital..
Morgan Stanley is sole book running manager for the offering. The underwriters have a 45-day option to purchase up to an additional 3.375 million units to cover any over-allotments. Read more.
