TCW Special Purpose Acquisition Corp.
TSPQ-UN
New York Stock Exchange10.04
USD
+0.01
- -
CIK
0001838219
Return %
Stock
S&P500
1Y
2.42
18.21
3Y
0.37
63.29
5Y
0.37
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.- CEO
- Joseph R. Shaposhnik
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 865 South Figueroa Street Los Angeles CA United States of America 90017
- CIK
- 0001838219
- Website
- tcwspac.com
- Similar Companies
- Business
- TCW Special Purpose Acquisition Corp. (TSPQ-UN) operates as a blank check company sponsored by The TCW Group, Inc., a global investment management firm headquartered in Los Angeles, California. Incorporated in 2020, the company pursues mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting durable and predictable enterprises in technology, healthcare, and consumer products sectors offering superior revenue growth potential. Its securities comprise units consisting of one share of Class A common stock and one-third of one redeemable warrant exercisable at $11.50 per share; the units, common stock, and warrants trade on the New York Stock Exchange under the symbols TSPQ-UN, TSPQ, and TSPQ WS, respectively, with initial public offering proceeds of approximately $464 million held in trust. The company conducts no significant operations and generates no revenues outside its pursuit of an initial business combination. In November 2022, TCW Special Purpose Acquisition Corp. sought and obtained shareholder approval to amend its termination date from March 2023 to December 15, 2022, leading to a mandatory redemption and liquidation of shares around December 16, 2022, after failing to identify or complete a merger target. Despite the 2022 dissolution proceedings, TSPQ-UN units continue trading as of late 2025 with ongoing market activity and assets in trust valued at approximately $464 million, amid legal disputes filed in 2023 by co-sponsors alleging TCW scuttled potential de-SPAC transactions.