Tuscan Holdings Corp.
THCBW
NASDAQ Capital Market3.03
USD
-0.09
- -
CIK
0001760689
Return %
Stock
S&P500
1Y
- -
18.44
3Y
- -
63.65
5Y
- -
74.90
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- IPO Date
- Mar 27, 2019
- CIK
- 0001760689
- Similar Companies
- Business
- Tuscan Holdings Corp is a special purpose acquisition company that primarily engages in facilitating business combinations and mergers. The company has been notably involved in acquiring and merging with firms in advanced technology sectors. Initially founded as a blank check company, Tuscan Holdings focuses on identifying and partnering with businesses possessing strong growth potential, specifically in industries that include advanced energy solutions and electric vehicle technologies. The company's core activities involved sponsoring business combinations, with a significant focus on battery technology and electric vehicle sectors. Tuscan Holdings notably completed its business combination with Microvast, Inc., a global provider of next-generation battery technologies for commercial and specialty electric vehicles. This combination, effective July 23, 2021, brought under its aegis Microvast's product portfolio, which includes advanced lithium-ion batteries, battery modules, and battery management systems. Microvast’s technology is installed in more than 28,000 vehicles worldwide and serves a broad range of global OEM customers. The merger marked a strategic expansion into the battery technology field and aimed to support Microvast’s next phase of growth as a publicly listed company. More recently, Tuscan Holdings Corp II furthered its strategy in the sustainable transport sector through a business combination agreement with Surf Air Mobility Inc., a company focused on accelerating green aviation via electric aircraft technology. This development highlighted Tuscan's ongoing commitment to the electrification of transportation, extending its market reach into electric aviation alongside its automotive battery interests. The business combination with Surf Air Mobility reflects Tuscan's strategy of expanding into emerging clean technology sectors within the industrials segment. Tuscan Holdings operates primarily in the United States, with global implications stemming from its partnerships and customer base in electric vehicle and electric aviation technologies. The company underwent a name and ticker symbol change post-merger and continues to align its operations with expanding advanced energy and mobility solutions. As a SPAC, Tuscan Holdings plays a critical role in supporting companies that aim to innovate in energy storage and sustainable transportation technology. Founded as a special purpose acquisition company with headquarters in the United States, Tuscan Holdings Corp has evolved through strategic mergers and acquisitions to become a key player in facilitating access to capital markets for companies in the electric vehicle battery and electric aviation industries. Its latest major corporate activities emphasize its role in the evolving clean energy and transportation sectors, enhanced by partnerships with industry leaders like Microvast and Surf Air Mobility.