Twelve Seas Investment Company II
TWLV
NASDAQ Capital Market9.99
USD
- -
- -
CIK
0002052243
ISIN
KYG9145D1016
CUSIP
G9145D101
Return %
Stock
S&P500
1Y
1.22
18.21
3Y
-3.20
63.29
5Y
3.63
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
- Dimitri Elkin
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2685 Nottingham Avenue Los Angeles CA United States of America 10003-1502
- IPO Date
- Apr 29, 2021
- CIK
- 0002052243
- Website
- twelveseasspac.com
- Similar Companies
- Business
- Twelve Seas Investment Company II is a blank check company, or special purpose acquisition company (SPAC), formed in 2020 and headquartered in New York, New York, with no significant current operations as it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company offers publicly traded Class A common shares and redeemable warrants traded under the symbols TWLV and TWLVW respectively, providing investors access to equity growth opportunities through public listings; it raised $345 million in its February 2021 initial public offering of 34.5 million units at $10 each on Nasdaq, with substantially all proceeds placed in trust for potential deployment in a business combination. Twelve Seas Investment Company II targets primarily international companies outside the United States, especially in the Pan-Eurasian region encompassing Western Europe, Eastern Europe and the Middle East, as well as U.S.-based firms owned by non-U.S. investors such as sovereign wealth funds, family offices or industrial conglomerates from that region, with enterprise values generally between $500 million and $2 billion across various sectors. In a major recent development, the company entered into an Agreement and Plan of Merger in December 2023 with Crystal Lagoons U.S. Corp. and CL Newco Inc. to combine in a $350 million share compensation deal focused on the aquatic entertainment sector; however, this business combination agreement terminated on May 31, 2024 due to unmet closing conditions, after which Twelve Seas announced it would not pursue further combinations or extensions, redeemed public shares at $10.64 each, delisted its securities from Nasdaq and over-the-counter markets in June 2024, filed a Form 25 with the SEC and intends to file a Form 15 to suspend reporting obligations under the Securities Exchange Act of 1934 before dissolving.