Twelve Seas Investment Co
Completed 2019-12-20- CIK 1726146
- TWLV
- Now BROG
- IPO 2018-06-20
- $213M trust
- 87 filings
Successfully merged with Brooge Petroleum And Gas Investment Company FZE (BPGIC) • Now trading as BROG
- IPO Size
- $180M
- raised at the IPO
- Trust
- $213M
- as of 2019-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2018
- year it listed
Filings, by quarter
87 filings over 10 quarters; violet bars carry a milestone
- 17 Q4: 1 filing
- 18 Q1: 1 filing
- 18 Q2: 28 filings
- 18 Q3: 4 filings
- 18 Q4: 1 filing
- 19 Q1: 4 filings
- 19 Q2: 12 filings
- 19 Q3: 5 filings
- 19 Q4: 29 filings
- 20 Q1: 2 filings
- S-1 filed 17 Q4
- IPO 18 Q2
- Definitive agreement 19 Q2
- Completed 19 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Twelve Seas Investment Company is a blank-check company formed to pursue a merger or other business combination. It intends initially to search for private companies in the Pan-Eurasian region with positive operating cash flow, significant assets, and successful management teams seeking access to U.S. capital markets.
Geographic Focus
Pan-Eurasian region
Key Information
As the filings state it
- IPO Date
- 2018-06-20
- Total Redemptions
- $175M
- PIPE
- $150M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2019-12-20
- Merger Target
- Brooge Petroleum And Gas Investment Company FZE (BPGIC)
- SPAC Ticker
- TWLV
- Merged Ticker
- BROG
Stock Performance
BROGTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2026-01-09 | $9.87 | |
| 6 Months Post-Merger | 2026-01-09 | $9.87 | 0% |
| 1 Year Post-Merger | 2026-01-09 | $9.87 | 0% |
| 2 Years Post-Merger | 2026-01-09 | $9.87 | 0% |
| Current Price | 2026-10-06 | $10.07 | +2% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has experience in private equity, investment banking, corporate finance and cross-border transactions across Europe, the Middle East and Central Asia. Chairman Neil Richardson and CEO Dimitri Elkin have private-equity experience; President Stephen Vogel and CFO Stephen Cannon have prior SPAC experience; COO Bryant Edwards has extensive legal and capital-markets experience.