Tuscan Holdings

Tuscan Holdings Corp. is a blank check company, which focuses on searching target businesses in the cannabis industry. The company was founded on November 5, 2018 and is headquartered in New York, NY. Redemption Price: 10. Warrant Coverage: 1.

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Microvast Holdings, Inc. is an advanced battery technology company. It engages in the business of designing, developing, and manufacturing battery components and systems primarily for electric commercial vehicles and utility-scale energy storage systems. The company was founded by Yang Wu on October 12, 2006 and is headquartered in Stafford, TX.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

PREVIOUS PHASE

The SPAC announces which company it will be acquiring (and taking public).

CURRENT PHASE

Investors and shareholders will meet to approve the acquisition.

FINAL PHASE

Texas-headquartered electric battery maker Microvast Inc's merger talks with the blank check company Tuscan Holdings Corp (NASDAQ: THCB) has progressed to advanced levels, Bloomberg reports. What Happened: The Special Purpose Acquisition Company (SPAC) will fund the merger by raising $200 million from new equity issues, Bloomberg's sources suggested.

EV Battery Maker Microvast In Advanced Talks With Tuscan To Go Public Via SPAC Merger: Report

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However, history confirms that many SPAC IPOs don't deliver returns on par with comparable companies that went public the traditional route. Additionally, not all SPACs find a company to partner with, meaning the blank-check firm, if it doesn't accomplish that goal within two years, is vulnerable to liquidation.

5 SPAC IPOs That Could Sooner Go To Zero

News for Tuscan Holdings Stock (THCB)