TCW Special Purpose Acquisition Corp.
TSPQW
Other OTC0.00
USD
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TCW Special Purpose Acquisition Corp.
TSPQW
(Other OTC)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- TCW Special Purpose Acquisition Corp. (TSPQW) operates as a blank check company whose principal activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on technology, healthcare, industrial, or consumer sectors; it offers no current products or services beyond its sponsored units, Class A common stock, and redeemable warrants exercisable at $11.50 per share. Sponsored by The TCW Group, Inc., a global investment management firm, the company targets durable businesses positioned for superior revenue growth and maintains geographic operations primarily in the United States. Founded in 2020 and headquartered at 865 S. Figueroa Street, Suite 1800, Los Angeles, California, it raised $450 million in an upsized initial public offering on the New York Stock Exchange in March 2021 under the ticker TSPQ.U, with subsequent separate trading of its Class A common stock (TSPQ) and warrants (TSPQ WS). In a major development, the company held a special shareholder meeting on December 15, 2022, to approve an early termination and mandatory redemption of all outstanding Class A shares ahead of its March 4, 2023 deadline (extendable to June 4), resulting in its liquidation and filing of a certificate of dissolution with the Delaware Secretary of State on that date; trading of public shares ceased on December 15, 2022, with redemptions completed around December 16. Subsequently, in November 2023, TCW Group faced a lawsuit in Delaware Chancery Court from SPAC co-sponsors alleging interference by scuttling potential merger plans in favor of dissolution. As of December 2025, TSPQW warrants trade at $0.00 with no active operations, reflecting the entity's defunct status post-liquidation.