Tuscan Holdings Corp. II
THCAU
NASDAQ Capital Market10.57
USD
- -
- -
CIK
0001773087
ISIN
US90070A2024
CUSIP
90070A202
Return %
Stock
S&P500
1Y
3.12
26.53
3Y
4.45
76.60
5Y
5.28
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 East 57th Street New York City NY United States of America 10022
- IPO Date
- Jul 12, 2019
- CIK
- 0001773087
- Similar Companies
- Business
- Tuscan Holdings Corp. II operates as a special purpose acquisition company (SPAC) primarily formed to effect a merger, stock purchase, asset acquisition, or similar business combination with one or more target companies. The company does not have significant standalone operations but focuses on transactions that create value through strategic combinations. Founded in 2019 and headquartered in the United States, Tuscan Holdings Corp. II engages predominantly in identifying and merging with differentiated businesses to support growth and market expansion. The company’s latest significant activity centers around its business combination agreements, notably including a terminated merger agreement with Surf Air Mobility Inc., a regional air travel company focused on accelerating green aviation through electrification technology. This deal, which was originally expected to close in the fourth quarter of 2022, aimed at establishing Surf Air Mobility as a publicly listed company with a focus on electrified aircraft to reduce emissions and operating costs. However, the agreement was mutually terminated in late 2022. Historically, Tuscan Holdings also announced intent to combine with Microvast Inc., a provider of next-generation battery technology for electric vehicles, highlighting its strategic interest in high-growth sectors linked to clean energy and electric transportation. Tuscan Holdings Corp. II’s strategy involves forming or acquiring companies engaged in clean technology, electric vehicles, battery technologies, and regional air mobility. The company has sought to leverage partnerships and business combinations to enter markets such as electric aviation and battery manufacturing. While it has faced regulatory and compliance challenges related to its listing status, it has maintained focus on business combination activities to drive its corporate objectives. Operating mainly in the SPAC and business combination segment within the financial and clean technology industries, Tuscan Holdings targets customers via its acquired or merged entities in the transportation electrification and sustainable mobility sectors. Its pivotal operational and strategic shifts over the last few years include planned mergers with companies advancing electrification in commercial transport and battery innovation, positioning Tuscan Holdings as a facilitator of growth in clean industrial technologies. Overall, Tuscan Holdings Corp. II is defined by its role as a finance vehicle backing transformative technology companies, headquartered in the U.S. with its activities focused on mergers and acquisitions in advanced clean energy markets and regional electric aviation, aiming for sustainability and efficiency gains through its strategic alliances and business combinations in these domains.
6 Stocks Halted In Thursday's Session
TUSCAN HOLDINGS CORP. II RECEIVES EXPECTED NASDAQ NOTIFICATION REGARDING DELAYED FORM 10-Q
Tuscan Holdings Corp. II Stockholders Approve Extension of the Date to Consummate Business Combination, Among Other Actions