Thunder Bridge Acquisition II, Ltd. Announces Pricing of $300,000,000 Initial Public Offering
08 Agosto 2019 - 10:30PM
Thunder Bridge Acquisition II, Ltd. (the “Company”) announced
today that it priced its initial public offering of 30,000,000
units at $10.00 per unit. The units will be listed on the Nasdaq
Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday,
August 9, 2019, under the ticker symbol “THBRU”. Each unit consists
of one of the Company’s Class A ordinary shares and one-half of one
redeemable warrant, each whole warrant entitling the holder thereof
to purchase one Class A ordinary share at a price of $11.50 per
share. Only whole warrants are exercisable. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on Nasdaq
under the symbols “THBR” and “THBRW,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
financial technology sector. The Company is led by Chief Executive
Officer Gary A. Simanson.
Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co. are
acting as joint book running managers for the offering. The Company
has granted the underwriters a 45-day option to purchase up to an
additional 4,500,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY
10014 or Cantor Fitzgerald & Co., Attention: Capital Markets,
499 Park Avenue, 5th Floor New York, New York 10022; Email:
prospectus@cantor.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission on August 8, 2019. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the offering filed with
the Securities and Exchange Commission (“SEC”). Copies are
available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
ContactGary A.
Simanson202.431.0507 gsimanson@thunderbridge.us
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