Tech SPAC Tailwind International Acquisition prices upsized $300 million IPO

Tailwind International Acquisition, a blank check company formed by VCs and consumer/tech execs targeting international technology, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by CEO and Director Pierre Denis, who currently serves as Senior Advisor to Coty and previously was the CEO of Jimmy Choo Group; President and Director Nathalie Gaveau, who currently serves as Senior Advisor of BCG Digital Ventures, where she previously served as Managing Director and Partner; and Chairman Tommy Stadlen, a co-founder and General Partner of Giant Ventures. The company was formed by Stadlen along with Director Alan Sheriff, the co-founder and former co-CEO of Solebury Capital; Philip Krim, the co-founder and CEO of Casper (CSPR); and Jeff Stibel, a Founding Partner of Stibel & Co. and Bryant Stibel.

Tailwind International Acquisition plans to target international consumer internet and other high-growth technology companies in international markets, with a focus on the European market. Tailwind Acquisition (TWND.U), a SPAC also affiliated with Krim, raised $300 million in September 2020.

Tailwind International Acquisition plans to list on the NYSE under the symbol TWNI.U. Jefferies acted as a lead manager on the deal.