TWELVE SEAS INV CO II UTS - TWLVU STOCK NEWS

Twelve Seas Investment Company II (NASDAQ: TWLV) has announced it will not extend the deadline for completing a business combination, opting instead to liquidate. The decision follows the Board's belief that a merger or acquisition could not be finalized by the August 26, 2024 deadline set by Nasdaq. Consequently, all shares submitted for redemption will be returned to stockholders. The company's securities will be suspended from Nasdaq and begin trading over-the-counter on June 10, 2024. The liquidation process will involve redeeming public shares at approximately $10.558 per share and then dissolving the company. The proceeds will be held in a trust and distributed to shareholders, excluding warrant holders, who will not receive redemption rights.

Twelve Seas Investment Company II (NASDAQ: TWLVU) has received a notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the period ending March 31, 2024. This non-compliance with Nasdaq's listing requirements could lead to the delisting of the Company's securities. The company had previously disclosed its inability to file the report on time in a Form 12b-25 filed with the SEC, citing unreasonable effort or expense. Following a hearing on May 2, 2024, the Nasdaq Panel granted an exception until June 7, 2024, for continued listing, subject to conditions. The company has until May 30, 2024, to present additional information to the Panel.

Twelve Seas Investment Company II (NASDAQ: TWLVU) received a notice from Nasdaq due to the late filing of its Form 10-K for the year ended December 31, 2023. The Company failed to meet Nasdaq's timely filing criteria, risking suspension and delisting. Despite efforts to complete the filing, the Company's securities may be moved to the over-the-counter market.

Twelve Seas Investment Company II (TWLVU) announced it received a notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. The notice states non-compliance with Nasdaq’s listing requirements. The company filed a Form 12b-25 on May 17, 2021, citing challenges in accounting for outstanding warrants. TWLVU has 60 days to file its Form 10-Q to regain compliance. Failure to do so could lead to suspension or delisting. The company is actively working to complete the filing.

Twelve Seas Investment Company II (NASDAQ: TWLVU) announced that starting April 19, 2021, holders of its IPO units can trade Class A common stock and warrants separately. The common stock will trade under the symbol TWLV, while the warrants will trade under TWLVW. The units that remain unseparated will continue to trade as TWLVU. This separation is a key step for investors, allowing for more flexibility in their holdings.

Twelve Seas Investment Company II (Nasdaq: TWLVU) announced the closing of an additional issuance of 4,500,000 units, fully utilizing the underwriters' over-allotment option in its IPO. The units were sold at $10.00 each, yielding an extra $45 million and total gross proceeds of $345 million. Trading of units began on February 26, 2021, with each unit comprising one Class A common stock and a third of a redeemable warrant. Proceeds are largely placed in trust, and the offering was made through a prospectus filed with the SEC.

Twelve Seas Investment Company II announced the closing of its initial public offering (IPO) of 30,000,000 units at $10.00 each. These units began trading on the Nasdaq under the symbol “TWLVU” on February 26, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, with full warrants priced at $11.50 per share. The company plans to pursue a merger or acquisition, focusing on global companies with equity values between $500 million and $2 billion. $300 million from the IPO proceeds will be placed in trust.

Twelve Seas Investment Company II announced the pricing of its initial public offering (IPO) of 30,000,000 units at $10.00 each, trading under the ticker symbol TWLVU on Nasdaq from February 26, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, allowing the purchase of a share at $11.50. The Company aims to pursue business combinations mainly with global firms valued between $500 million and $2 billion, across various sectors. Mizuho Securities USA LLC acts as the sole book-running manager for the offering.

Twelve Seas Investment Company II priced its initial public offering (IPO) of 30,000,000 units at $10.00 each. Trading will start on February 26, 2021, on Nasdaq under the symbol TWLVU. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, with the warrants exercisable at $11.50 per share. The company focuses on mergers and acquisitions outside the U.S., particularly in the Pan-Eurasian region. Mizuho Securities USA LLC is the sole book-running manager for this offering.