TCW Special Purpose Acquisition Corp. Announces Appointment of Nanxi Liu to Advisory Board

Rhea-AI Summary

TCW Special Purpose Acquisition Corp. (NYSE: TSPQ.U) has appointed Nanxi Liu to its Advisory Board, effective April 26, 2021. Liu is the Co-Founder and CEO of Enplug, a prominent digital signage software company, and was recognized in Forbes 30 Under 30. She also co-founded Nanoly Bioscience, which innovates in vaccine storage. The company aims to merge with a durable business to drive superior revenue growth. TCW has $464 million in assets and is sponsored by The TCW Group, with approximately $248 billion under management.

Positive

• Appointment of Nanxi Liu adds expertise from her successful entrepreneurial background.
• Liu's leadership experience in tech and biotech may provide valuable insights for future business strategies.

Negative

• None.

TCW Special Purpose Acquisition Corp. (NYSE: TSPQ.U), a $464 million blank check company sponsored by The TCW Group, Inc. (“TCW”), announced that it has appointed Nanxi Liu to its Advisory Board, effective April 26, 2021.

Ms. Liu is Co-Founder and CEO of Enplug, a leading digital signage software company used by Fortune 500 companies, and was named one of Forbes 30 Under 30 and Fortune’s 10 Most Promising Women Entrepreneurs. She also co-founded Nanoly Bioscience, a venture-backed biotech company that develops polymers that eliminate the need of refrigeration for vaccines and therapeutics. Ms. Liu serves on the Board of Directors of CarParts.com (NASDAQ: PRTS), a leading online provider of automotive parts and accessories, and of Kindred Biosciences (NASDAQ: KIN), a leading biopharmaceutical company for pets. She also serves on the Board of Advisors for Covington Capital Management and is a Partner at XFactor Ventures, a leading investor in women-founded startups.

“We are excited to welcome Nanxi to our Advisory Board,” said Joseph R. Shaposhnik, TCW Special Purpose Acquisition Corp. Chairman and CEO. “She is a highly successful technology entrepreneur and brings a unique perspective to the leaders of businesses and our impressive team of advisors and directors.

TCW Special Purpose Acquisition Corp. intends to identify, merge with and take public a durable and predictable business well positioned to deliver superior revenue growth. Its management is associated with TCW’s New America Premier business unit, which was established by Mr. Shaposhnik in 2015.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About TCW Special Purpose Acquisition Corp.

TCW Special Purpose Acquisition Corp. (the “Company”), a Delaware corporation, is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a private company. The Company is sponsored by The TCW Group, Inc., a leading global investment management firm with approximately $248 billion of assets under management. For more information please visit www.tcwspac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005100/en/

FAQ

Who is Nanxi Liu, newly appointed to TCW Special Purpose Acquisition Corp. Advisory Board?

Nanxi Liu is the Co-Founder and CEO of Enplug and a recognized entrepreneur with several accolades, including Forbes 30 Under 30.

What is the purpose of TCW Special Purpose Acquisition Corp. regarding its merger strategy?

TCW Special Purpose Acquisition Corp. intends to merge with a durable business positioned for superior revenue growth.

When was the appointment of Nanxi Liu to the Advisory Board announced?

The appointment of Nanxi Liu was announced on April 26, 2021.

What is the current asset value of TCW Special Purpose Acquisition Corp.?

TCW Special Purpose Acquisition Corp. currently has $464 million in assets.

What role does The TCW Group play in TCW Special Purpose Acquisition Corp.?

The TCW Group sponsors TCW Special Purpose Acquisition Corp. and manages approximately $248 billion in assets.