Tuscan Holdings Corp. II
THCA
NASDAQ Capital Market10.47
USD
- -
- -
CIK
0001773087
ISIN
US90070A1034
CUSIP
90070A103
Return %
Stock
S&P500
1Y
2.15
26.53
3Y
4.80
76.60
5Y
7.16
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen A. Vogel
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 135 E 57th St Fl 18 New York City NY United States of America 10022
- IPO Date
- Jul 12, 2019
- CIK
- 0001773087
- Similar Companies
- Business
- Tuscan Holdings Corp. II (THCA) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more target businesses or entities; it conducts no significant operations and generates no revenues. Incorporated in Delaware in 2019 and headquartered at 135 East 57th Street, 17th Floor, New York, New York, the company functions as a subsidiary of Tuscan Holdings Acquisition II LLC and originally focused its target search on the cannabis industry without limiting to any specific geography, though it pursues opportunities across industries. Its sponsor provides capital through trust account funds from its 2019 initial public offering, enabling evaluation and negotiation of potential combinations; shares and warrants trade over-the-counter under symbols THCA and THCAW. In 2022, Tuscan Holdings Corp. II announced and later mutually terminated a proposed $1.42 billion business combination with Surf Air Mobility Inc., a regional air mobility platform pursuing green aviation electrification, after entering a definitive merger agreement in May that included plans for Surf Air to acquire Southern Airways Corporation; the deal aimed to provide up to $467 million in gross proceeds but ended by mutual board consent in November without completion. As of late 2025, no subsequent business combination has materialized, with the company maintaining its SPAC structure amid potential delisting risks and ongoing OTC trading at approximately $10.47 per share, its last SEC filings dating to early 2023 including Schedule 13G amendments and a Form 15-12G.
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