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Tuscan Holdings Corp. (THCB) to Combine with Microvast in $3Bn Deal

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Tuscan Holdings Corp. (THCB) to Combine with Microvast in $3Bn Deal

Feb 1, 2021 INTEL by Matt Cianci

Tuscan Holdings Corp. (Nasdaq:THCB) has entered into a definitive combination agreement with battery technology developer Microvast Holdings, Inc. at an enterprise value of $2.4 billion, or 1.0x 2025e revenue. Microvast has been headquartered in Texas since 2006, and develops disruptive battery technologies for commercial and specialty vehicles. Their research & development and production capabilities span
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ByMatt Cianci