Thunder Bridge Capital Partners IV, Inc. Announces Pricing of $225,000,000 Initial Public Offering

Rhea-AI Summary

Thunder Bridge Capital Partners IV has priced its IPO at $10.00 per unit, raising $225 million with plans to trade on Nasdaq under the symbol 'THCPU' starting June 30, 2021. Each unit includes one share of Class A common stock and a fifth of a redeemable warrant, allowing stock purchase at $11.50 per share. The company aims to focus on mergers in the financial services sector. Morgan Stanley is the sole book-running manager, with an option for underwriters to purchase an additional 3,375,000 units. The SEC has declared the registration effective as of June 29, 2021.

Positive

• IPO priced at $10.00 per unit, raising $225 million.
• Focus on mergers in the financial services industry, indicating growth potential.

Negative

• The offering may lead to dilution of shares if additional units are purchased.
• Forward-looking statements indicate uncertainty regarding completion of the offering and usage of proceeds.

New York, NY, June 29, 2021 (GLOBE NEWSWIRE) -- Thunder Bridge Capital Partners IV, Inc. (the “Company”) announced today that it priced its initial public offering of 22,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) and will begin trading tomorrow, Wednesday, June 30, 2021, under the ticker symbol “THCPU”. Each unit consists of one of the Company’s shares of Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “THCP” and “THCPW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the financial services industry. The Company is led by Chief Executive Officer Gary A. Simanson.

Morgan Stanley & Co. LLC is acting as sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on June 29, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
Gary A. Simanson
202.431.0507
gsimanson@thunderbridge.us

FAQ

What are the details of Thunder Bridge Capital's initial public offering on June 30, 2021?

Thunder Bridge Capital priced its IPO at $10.00 per unit for 22,500,000 units, aiming to raise $225 million. Units include one Class A share and a fifth of a warrant.

What are the ticker symbols for Thunder Bridge Capital after the IPO?

Post-IPO, shares will trade under 'THCP' and warrants under 'THCPW' on Nasdaq.

What is the intended use of proceeds from Thunder Bridge Capital's IPO?

The proceeds will primarily support mergers, acquisitions, or similar business combinations in the financial services sector.

How many additional units can underwriters purchase in Thunder Bridge Capital's IPO?

Underwriters have a 45-day option to purchase an additional 3,375,000 units at the IPO price.

What risks are associated with the forward-looking statements in the Thunder Bridge Capital IPO announcement?

Forward-looking statements may not be completed as described, affecting the anticipated use of net proceeds.