Thunder Bridge Capital Partners V, the fifth blank check company led by Gary Simanson targeting the fintech industry, filed on Friday with the SEC to raise up to $261 million in an initial public offering.
The company plans to raise $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock, and one-fifth of one warrant to purchase a share, exercisable at $11.50.
Thunder Bridge Capital Partners V is led by CEO and Director Gary Simanson, the founder and CEO of Thunder Bridge Capital. His previous SPACs include Thunder Bridge Capital Partners IV, which completed its business combination with cryptocurrency marketplace Coincheck Group (CNCK; -83% from $10 offer price) in 2024, Thunder Bridge Capital Partners III, which was liquidated in 2023, Thunder Bridge II, which completed its merger with automotive chip designer indie Semiconductor (INDI; -59%) in 2021, and Thunder Bridge Acquisition, which completed its business combination with vertical payments processor Repay Holdings (RPAY; -66%) in 2019. He is joined by CFO Paul Wasinger, the former CFO of Artisan Bio and Allvue Systems.
The SPAC intends to target the fintech industry, including data processing, storage and transmission services, databases and payment services, fraud detection, data analysis or verification, and client or customer interface.
The Great Falls, VA-based company was founded in 2024. It plans to list on the Nasdaq under the symbol TBCVU. Cantor Fitzgerald is the sole bookrunner on the deal.
