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Tuscan Holdings Priced, Nasdaq: THCBU

Blank check company led by Stephen Vogel and targeting the cannabis industry.

Industry: SPAC

Latest Trade: $10.40 0.00 (0.0%)

First Day Return: +1.3%

Return from IPO: +4.0%

Industry: SPAC

We are a blank check company incorporated on November 5, 2018 formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses. Our initial business combination and value creation strategy will be to identify, acquire and, after our initial business combination, assist in the growth of a business in the cannabis industry. However, we are not limited to this industry and we may pursue a business combination opportunity in any business or industry we choose and we may pursue a company with operations or opportunities outside of the United States. Given the rapid growth of the legal cannabis market, management believes that the ability to move quickly to capitalize on new opportunities will be critical to success in creating stakeholder value. Potential areas of interest in the cannabis industry include but are not limited to domestic and international businesses that are ancillary to the production, distribution and sale of cannabis as well as businesses that legally cultivate, process and/or aid in the retail distribution of cannabis.
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IPO News for Tuscan Holdings
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IPO Data
IPO File Date 02/13/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/05/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2018
Employees 2