Thunder Bridge Capital Partners IV, Inc. Announces Closing of Underwriters’ Option to Purchase Additional Units in Connection with Initial Public Offering
10 August 2021 - 6:20AM
Thunder Bridge Capital Partners IV, Inc. (NASDAQ: THCPU) (the
“Company”) announced today that it closed the issuance of an
additional 1,152,784 units pursuant to the exercise of the
underwriters’ option to purchase additional units in connection
with its initial public offering at $10.00 per unit, resulting in
gross proceeds of $11,527,840 and bringing the total gross proceeds
of the initial public offering to $236,527,840.
The Company’s units are listed on the Nasdaq
Global Market (“Nasdaq”) and commenced trading under the ticker
symbol “THCPU” on June 30, 2021. Each unit consists of one share of
the Company’s Class A common stock and one-fifth of one redeemable
warrant, each whole warrant entitling the holder thereof to
purchase one share of Class A common stock at a price of $11.50 per
share. Only whole warrants will trade and are exercisable. Once the
securities comprising the units begin separate trading, the shares
of Class A common stock and warrants are expected to be traded on
Nasdaq under the symbols “THCP” and “THCPW,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
financial services industry. The Company is led by Chief Executive
Officer Gary A. Simanson.
Morgan Stanley & Co. LLC acted as the sole
book running manager of the offering.
Of the proceeds received from the consummation
of the initial public offering (as well as the exercise of the
option to purchase additional units) and related private placement
of units, $236,527,840 (or $10.00 per unit sold in the public
offering) was placed in trust. The offering was made
only by means of a prospectus. Copies of the prospectus may be
obtained from Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities
was declared effective by the Securities and Exchange Commission
(“SEC”) on June 29, 2021. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the net proceeds of the
offering will be used as indicated. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement for the
initial public offering filed with the SEC. Copies are available on
the SEC's website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
ContactGary A. Simanson202.431.0507
gsimanson@thunderbridge.us
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