TB SA Acquisition Corp. (TBSAU) Prices Downsized $200M IPO

TB SA Acquisition Corp. announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBSAU”, Tuesday, March 23.

The new company aims to combine with an African target that promotes environmental, social and governance, or ESG, principles. TB SA is led by CEO Andrew Rolfe, Non-Executive Chairman Gareth Penny and CFO James Crawley.

Total SPAC deal count for 2021 year-to-date is now 286. This offering is expected to close on Thursday, March 25.

Deutsche Bank Securities Inc is serving as the book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.