Microvast Completes Merger with Tuscan Holdings

Tuscan Holdings

Battery technology company Microvastannounced that it has completed its business combination with Tuscan Holdings. Stock and warrants begin trading today on the Nasdaq under MVST and MVSTW.

Upon closing, the combined company received approximately $822 million in cash, comprised of approximately $282 million in cash held in trust by Tuscan and the proceeds of a $540 million PIPE from institutional investors including strategic partner Oshkosh Corporation as well as funds and accounts managed by BlackRock, Koch Strategic Platforms and InterPrivate Investment Partners. Read more.

Related Posts