Tiberius Acquisition Corp
Completed 2020-03-17- CIK 1662253
- TIBR
- Now IGIC
- IPO 2018-03-16
- $152M trust
- 113 filings
Successfully merged with International General Insurance Holdings Ltd. (IGI) • Now trading as IGIC
- IPO Size
- $150M
- raised at the IPO
- Trust Amount
- $152M
- held for shareholders
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2018
- year it listed
Filings, by quarter
113 filings over 21 quarters; violet bars carry a milestone
- 16 Q1: 5 filings
- 16 Q2: 0 filings
- 16 Q3: 0 filings
- 16 Q4: 0 filings
- 17 Q1: 0 filings
- 17 Q2: 0 filings
- 17 Q3: 0 filings
- 17 Q4: 2 filings
- 18 Q1: 24 filings
- 18 Q2: 8 filings
- 18 Q3: 1 filing
- 18 Q4: 1 filing
- 19 Q1: 9 filings
- 19 Q2: 1 filing
- 19 Q3: 2 filings
- 19 Q4: 26 filings
- 20 Q1: 32 filings
- 20 Q2: 0 filings
- 20 Q3: 0 filings
- 20 Q4: 1 filing
- 21 Q1: 1 filing
- S-1 filed 16 Q1
- IPO 18 Q1
- Definitive agreement 19 Q4
- Completed 20 Q1
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Tiberius Acquisition Corp. is a blank-check company seeking an initial business combination, with a stated focus on middle-market insurance businesses valued at approximately $250 million to $800 million.
Investment Focus
Insurance
Geographic Focus
United States
Key Information
As the filings state it
- IPO Date
- 2018-03-16
- Total Redemptions
- $82.5M
- PIPE
- $23.6M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2020-03-17
- Merger Target
- International General Insurance Holdings Ltd. (IGI)
- SPAC Ticker
- TIBR
- Merged Ticker
- IGIC
Stock Performance
IGICTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2018-04-10 | $9.57 | |
| At Merger | 2020-03-18 | $8.32 | -13% |
| 6 Months Post-Merger | 2020-09-17 | $6.75 | -19% |
| 1 Year Post-Merger | 2021-03-18 | $7.49 | -10% |
| 2 Years Post-Merger | 2022-03-18 | $7.26 | -13% |
| Current Price | 2026-10-14 | $24.13 | +152% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Executive Chairman and CEO Michael T. Gray, an insurance-industry executive with more than 30 years of leadership experience, and Chief Investment Officer and Director Andrew J. Poole, who has more than 13 years of insurance investment experience. Its broader management and director group brings insurance operating, investing, regulatory, financial and public-company experience.