Thimble Point Acquisition Corp. (THMAU) Prices Upsized $240M IPO


Thimble Point Acquisition Corp. (THMAU) Prices Upsized $240M IPO

Feb 1, 2021 IPOs by Kristi Marvin

Thimble Point Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “THMAU” Tuesday, February 2.

Thimble Point Acquisition Corp. intends to focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets. The company will be led by Chief Executive Officer and Chairman Elon S. Boms and Chief Operating Officer and Director Steven J. Benson. Joseph Iannotta is Chief Financial Officer.

Total SPAC deal count for 2021 year-to-date is now 92 with $25.72 billion in gross proceeds raised. This offering is expected to close on Thursday, February 4th.

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering. Sullivan & Cromwell LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.