Cannabis SPAC Tuscan Holdings Corp II prices upsized $150 million IPO at $10

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Tuscan Holdings Corp II, the second blank check company led by Stephen Vogel targeting the cannabis industry, raised $150 million by offering 15 million units at $10. The company originally planned to raise $125 million.

Each unit consists of one share of common stock and one-half of one warrant, with each whole warrant entitling the holder to purchase one share at a price of $11.50. 

Tuscan Holdings Corp II plans to list on the Nasdaq under the symbol THCAU. EarlyBirdCapital acted as lead manager on the deal.

The article Cannabis SPAC Tuscan Holdings Corp II prices upsized $150 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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