SPACInsider Logo
TWC Tech Holdings II Corp. (TWCTU) Prices $525M IPO
by Nicholas Alan Clayton on 2020-09-10 at 9:02pm

TWC Tech Holdings II Corp. announced the pricing of its $525 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TWCTU” tomorrow, Friday, September 11th.

The company aims to combine with a high-growth technology company valued at between $1 billion and $10 billion. It will be led by CEO, President and Director Adam H. Clammer, Chairman James H. Greene, Jr. and CFO Rufina A. Adams.

Total SPAC deal count for 2020 year-to-date is now 93 with $36.994 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, September 15, 2020.


Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as book-running managers; Academy Securities, Inc., Blaylock Van, LLC, Loop Capital Markets LLC, Roberts and Ryan Investments Inc., and Tigress Financial Partners LLC are acting as co-managers. Ellenoff, Grossman & Schole LLP and Davis Polk & Wardwell LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. American Stock Transfer & Trust Company is acting as trustee.

 

Recent Posts
by Marlena Haddad on 2023-01-30 at 1:22pm

Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...

by Nicholas Alan Clayton on 2023-01-30 at 12:07am

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...

by Marlena Haddad on 2023-01-30 at 11:42am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...

by Marlena Haddad on 2023-01-30 at 10:15am

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...

by Nicholas Alan Clayton on 2023-01-30 at 9:07am

European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. The new PIPE cash comes at $10 per share and joins $63.3 million in existing PIPE financing for a total of...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved