Twelve Seas Investment Company II Announces Pricing of Upsized $300,000,000 Initial Public 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.
- Initial public offering priced at $10.00 per unit, raising significant capital.
- Company plans to focus on mergers and acquisitions in lucrative international markets.
- No guarantees that the offering will be completed as planned.
- Forward-looking statements carry inherent risks and uncertainties.
Los Angeles, CA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Twelve Seas Investment Company II (the “Company”) announced today that it priced its initial public offering of 30,000,000 units at
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, industry or geographic location, it intends to focus its search on companies located outside the United States, primarily in the Pan-Eurasian region, including Western Europe, Eastern Europe and the Middle East. The Company is led by Chairman, Neil Richards, Chief Executive Officer, Dimitri Elkin and Chief Financial Officer, Jonathan Morris.
Mizuho Securities USA LLC is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 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 Mizuho Securities USA LLC, Attention: Equity Capital Markets, 1271 Avenue of the Americas, New York 10020; Telephone: 212-205-7600.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on February 25, 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. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. 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 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
Dimitri Elkin
Twelve Seas Investment Company II
(323) 667-3211
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