TCW Special Purpose Acquisition Corp.
TSPQ-WT
New York Stock Exchange0.01
USD
+0.01
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TCW Special Purpose Acquisition Corp.
TSPQ-WT
(New York Stock Exchange)
Recent
price
0.01
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- TCW Special Purpose Acquisition Corp. (TSPQ-WT) operates as a blank check company sponsored by The TCW Group, Inc., focusing on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the technology, healthcare, consumer products or industrial sectors; it generates no significant operations or revenues. The company, founded in 2020 and headquartered in Los Angeles, California, completed an upsized initial public offering of 45 million units at $10.00 per unit in March 2021, raising $450 million, with units separating into Class A common stock (TSPQ) and redeemable warrants (TSPQ WS or TSPQ-WT) thereafter. Warrants entitle holders to purchase Class A shares at $11.50 per share, subject to customary redemption provisions if the stock price exceeds specified thresholds for defined periods. In late 2022, following failure to identify a suitable target within the mandated timeframe, shareholders approved amendments accelerating the termination date to December 15, 2022, triggering mandatory redemption of all public shares around December 16, 2022, and company dissolution; warrants ceased trading upon liquidation, though residual trading activity in TSPQ-WT persists on secondary markets as of 2025.