Twelve Seas Investment Company II filed with the SEC to offer 25 million units at $10 each to raise $250 million in an IPO.
The new SPAC plans to target companies located outside the United States, primarily in the Pan-Eurasian region, including Western Europe, Eastern Europe and the Middle East. “We will also consider prospective targets located in the United States, but which are owned by non-U.S. shareholders, including sovereign wealth funds, family offices or industrial conglomerates headquartered in the Pan-Eurasian region,” the SPAC said in the filing.
The SPAC is led by Chairman Neil Richardson, who was chairman of Twelve Seas Investment Company from 2017-19. Since January 2012, he has been chairman of North Sea Capital, an independent family office involved in private equity and other investments.
The SPAC expects to list on the Nasdaq under TWLVU. Read more.
