- CEO
- Gary A. Simanson
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 9912 Georgetown Pike Great Falls VA United States of America
- IPO Date
- Mar 29, 2021
- Business
- Thunder Bridge Capital Partners III Inc. (TBCPW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the financial services industry including fintech, asset and wealth management, lending and leasing, data processing, payment services, fraud detection, and technologically advanced financial platforms. Incorporated in 2020 and headquartered in Great Falls, Virginia, the company raised $414 million in its February 2021 initial public offering through 41.4 million units at $10 each, upsized from an initial $300 million target, with each unit comprising one Class A ordinary share and one-fifth of a warrant exercisable at $11.50; it listed on Nasdaq under TBCPU for units, TBCP for shares, and TBCPW for warrants. In December 2023, the board announced its intention to liquidate after failing to complete a business combination by the February 2024 deadline, redeeming public shares at approximately $10.22 per share by mid-December 2023 with payouts within 10 business days, ceasing all operations except wind-up activities, and allowing warrants including TBCPW to expire worthless, marking its dissolution without any merger, acquisition, or strategic shift.