FinTech SPAC Thunder Bridge Capital Partners IV prices $225 million IPO

Thunder Bridge Capital Partners IV, the fourth blank check company led by Gary Simanson targeting the fintech industry, raised $225 million by offering 22.5 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50.

The company is led by CEO and Director Gary Simanson, who founded Thunder Bridge Capital and has served as CEO since 2017. Simanson's previous SPACs include Thunder Bridge Capital Partners III (TBCPU; +0% from offer price), which went public this past February; Thunder Bridge Acquisition II, which completed its combination with indie Semiconductor (INDI; +1%) earlier this month; and Thunder Bridge Acquisition, which completed its acquisition of Repay Holdings (RPAY; +144%) in July 2019.

Thunder Bridge Capital Partners IV plans to target the financial services industry, including asset and wealth management, lending and leasing, and businesses providing financial technological services to, or operating in, the financial services industry, with a focus on FinTech.

Thunder Bridge Capital Partners IV plans to list on the Nasdaq under the symbol THCPU. Morgan Stanley acted as sole bookrunner on the deal.