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Bilander Acquisition Corp. (NASDAQ: TWCB) announced that starting September 8, 2021, holders of units from its initial public offering can separately trade shares of Class A common stock and warrants. The Class A shares will trade under the symbol TWCB and the warrants under TWCBW, while units not separated will continue trading under TWCBU. This separation requires broker assistance to contact the transfer agent, Continental Stock Transfer & Trust Company. The SEC approved a registration statement for these securities on July 15, 2021.
Bilander Acquisition Corp. (Nasdaq: TWCBU) announced the closing of its IPO, raising $150,000,000 by offering 15,000,000 units at $10.00 each. The IPO began trading on July 16, 2021, with each unit comprising one Class A common stock and a warrant for Class A stock at $11.50. Bilander has secured forward purchase agreements for at least $50,000,000 in additional stock purchases. The company features a unique stock structure aligning interests of management and shareholders, with a focus on future business combinations.
Bилander Acquisition Corp. announced its initial public offering (IPO) pricing of $150 million by offering 15,000,000 units at $10.00 each, set to trade under the ticker symbols TWCB, TWCBU, and TWCBW on Nasdaq starting July 16, 2021.
The IPO is expected to close on July 20, 2021. Additionally, the company has secured forward purchase agreements for at least $50 million in Class A common stock at $10.00 per share. The company is sponsored by True Wind Capital, managing approximately $1.4 billion.