Thunder Bridge Capital Partners III Inc. - TBCPW STOCK NEWS

Thunder Bridge Capital Partners III Inc. announced that starting March 29, 2021, holders of its 41.4 million IPO units can separately trade Class A common stock and warrants. The Class A stock will trade under symbol TBCP and warrants under TBCPW, while unseparated units will continue to trade as TBCPU. The company is a blank check firm aimed at business combinations, mainly in financial services. The IPO was managed by Morgan Stanley, with SEC registration effective from February 4, 2021.

Thunder Bridge Capital Partners III Inc. (NASDAQ: TBCPU) has successfully closed its initial public offering (IPO) of 41.4 million units, raising gross proceeds of $414 million at $10.00 per unit. This offering includes the full exercise of the underwriters’ over-allotment option for 5.4 million units. Each unit consists of one share of Class A common stock and one-fifth of a redeemable warrant, with the latter exercisable at $11.50 per share. The proceeds will be placed in trust for potential business combinations, primarily within the financial services industry.

Thunder Bridge Capital Partners III has successfully priced its initial public offering (IPO) of 36 million units at $10.00 per unit, set to trade on Nasdaq under the ticker symbol TBCPU on February 5, 2021. Each unit includes one share of Class A common stock and one-fifth of a redeemable warrant, allowing purchase of additional shares at $11.50. The firm, focused on the financial services industry, has also granted underwriters a 45-day option to buy up to 5.4 million additional units. The offering is led by Morgan Stanley.