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Thunder Bridge Acquisition II (THBRU) Prices $300M SPAC IPO


Thunder Bridge Acquisition II (THBRU) Prices $300M SPAC IPO

Thunder Bridge Acquisition II, Ltd. (THBRU), announced the pricing of their $300 million SPAC IPO this evening. Thunder Bridge II’s units are expected to begin trading Friday, August 9th, under the symbol NASDAQ: THBRU.

Thunder Bridge II will focus on the financial services and fintech sectors. Similar to the original Thunder Bridge, Thunder Bridge II will be led by Gary Simanson as President, CEO and Director.

Total SPAC deal count for 2019 year-to-date is now 39 with $9.29 billion in gross proceeds raised. The offering is expected to close on August 13, 2019.

Congratulations to all.

Morgan Stanley and Cantor Fitzgerald & Co. acted as joint book-running managers. Ellenoff Grossman & Schole LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.