Feb 1 (Reuters) - Electric-vehicle battery maker Microvast said on Monday it would go public through a merger with blank-check company Tuscan Holdings Corp THCB.O, in … Post Merger there will be a 300 million float. Microvast SPAC Merger: 13 Things to Know About Battery Play THCB Stock Sarah Smith 11/25/2020. They typically extend these things several months, even if it is not needed. THCB Stock: Why Workhorse’s Stumble Helps the Microvast SPAC Merger Feb. 24, 2021 at 10:32 a.m. The Microvast-SPAC merger deal will see the electric vehicle battery producer receive $822 million in cash, including a $540 million PIPE from a number of institutional investors including Oshkosh Corporation. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with businesses and entities. They can finish it anywhere between Dec-April. We're asking that question today as Microvast approaches a SPAC merger with Tuscan Holdings (NYSE: THCB). So, there you have it, this is why THCB stock is … THCB 10.73 0.70 (6.12%). This means the Microvast SPAC merger is already incredibly interesting, especially as … THCB stock is trading at a 57 percent premium to its IPO price of $10, with no merger announcement. About THCB. Related point: if THCB announces DA, but then Microvast management LOSE a suit about investor fraud or Company loses millions of dollars RIGHT between DA and merger to GC or China-based investors or anyone else . . 4 Big Stories to Watch. The Only Thing Certain About the Merger Between Microvast and Tuscan Holdings Corp. (THCB) Is That Nothing Is Certain By Rohail Saleem Jan 20, 2021 12:10 EST The company was founded in 2018 and is based in New York, New York. Old old news. . It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with businesses and entities. ET on InvestorPlace.com What Will the Stock Market Do Today? For the 100th time.. it does not mean the merger will be in April. (RTTNews) - Shares of special purpose acquisition company, Tuscan Holdings Corp. (THCB) are rising more than 32% Monday morning after the … The amount includes about $282 million in cash held by THCB in trust and an additional $540 million in PIPE (private investment in public equity) at $10 per share. This is so they don’t keep going back for 15-30 day extensions. Tuscan Holdings Corp NASDAQ Updated Apr 20, 2021 11:59 PM. The global electric vehicle market is expected to … The deal will provide Microvast with nearly $822 million in gross cash proceeds to fund growth initiatives. The stock closed at $15.66 on Jan. 29 after rising 2.4 percent that day. Post-Market 0.13 (1.21%) Tuscan Holdings Corp. does not have significant operations.
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