Tuscan Holdings Corp.
THCBU
NASDAQ Capital Market12.53
USD
-1.62
- -
CIK
0001760689
ISIN
US90069K2033
CUSIP
90069K203
Return %
Stock
S&P500
1Y
- -
26.53
3Y
21.06
76.60
5Y
23.81
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
- Mar 5, 2019
- CIK
- 0001760689
- Similar Companies
- Business
- Tuscan Holdings Corp. (THCBU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses; it does not have significant standalone operations or products prior to identifying a target. Founded in 2019 and headquartered in New York, New York, the company conducted an initial public offering in March 2019 raising $276 million, with units trading on Nasdaq under THCBU comprising one share of common stock and one warrant. In July 2021, Tuscan completed a reverse merger business combination with Microvast Inc., a designer and manufacturer of lithium-ion battery solutions for electric commercial vehicles, energy storage systems, marine applications, and other electrification sectors; the deal raised approximately $822 million in gross proceeds including PIPE investments from Oshkosh Corporation, BlackRock, Koch Strategic Platforms, and others, resulting in the combined entity trading as Microvast Holdings Inc. (MVST) while Tuscan units persist for legacy holders. Post-merger, Microvast continues expansions including ramping production at its Clarksville, Tennessee facility, advancing phase 3.2 capacity additions up to 2 gigawatt hours annually, forming partnerships such as with Skoda for EMEA markets and Evoy for marine electrification in 2025, and reporting record Q3 2025 revenue of $123.3 million up 21.6% year-over-year with year-to-date sales at $331 million amid strategic shifts toward operational profitability and North American growth.
TUSCAN HOLDINGS CORP. RECEIVES NASDAQ NOTIFICATION REGARDING DELAYED FORM 10-Q
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SHAREHOLDER ALERT: WeissLaw LLP Investigates Tuscan Holdings Corp.