TWLVU News

Twelve Seas Investment II, a blank check company targeting global companies located outside the US, 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 ...read more

Twelve Seas Investment II, a blank check company targeting global companies located outside the US, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The Los Angeles, CA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11...read more

10 IPOs brought in $1.3 billion this past week, along with 3 SPACs raising $540 million. With a flood of biotechs, most of the IPOs this week had heavy insider buying, and no revenue. They traded very well, however, averaging a 27% gain. The week's worst IPO lost only 3%. Unusually, 8 of the 10 raised more proceeds than expected, and only 1 raised less. ...read more

Twelve Seas Investment Company, a blank check company formed to acquire a business located in the Pan-Eurasian region, raised $180 million by offering 18 million units at $10. Twelve Seas Investment Company plans to list on the Nasdaq under the symbol TWLVU. EarlyBirdCapital acted as a lead manager on the deal....read more