Tuscan Holdings Corp.
Completed 2021-07-23- CIK 1760689
- THCB
- Now MVST
- IPO 2019-03-06
- $44.1K trust
- 390 filings
Successfully merged with Microvast, Inc. • Now trading as MVST
- IPO Size
- $240M
- raised at the IPO
- Trust
- $44.1K
- as of 2021-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
390 filings over 33 quarters; violet bars carry a milestone
- 18 Q4: 1 filing
- 19 Q1: 24 filings
- 19 Q2: 2 filings
- 19 Q3: 2 filings
- 19 Q4: 1 filing
- 20 Q1: 4 filings
- 20 Q2: 6 filings
- 20 Q3: 3 filings
- 20 Q4: 4 filings
- 21 Q1: 20 filings
- 21 Q2: 25 filings
- 21 Q3: 54 filings
- 21 Q4: 12 filings
- 22 Q1: 15 filings
- 22 Q2: 28 filings
- 22 Q3: 16 filings
- 22 Q4: 6 filings
- 23 Q1: 12 filings
- 23 Q2: 3 filings
- 23 Q3: 14 filings
- 23 Q4: 8 filings
- 24 Q1: 10 filings
- 24 Q2: 10 filings
- 24 Q3: 12 filings
- 24 Q4: 17 filings
- 25 Q1: 21 filings
- 25 Q2: 15 filings
- 25 Q3: 6 filings
- 25 Q4: 6 filings
- 26 Q1: 16 filings
- 26 Q2: 11 filings
- 26 Q3: 5 filings
- 26 Q4: 1 filing
- S-1 filed 18 Q4
- IPO 19 Q1
- Definitive agreement 21 Q1
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Tuscan Holdings Corp. is a blank-check company seeking a business combination, with an intended focus on companies in the cannabis industry. It has no specific target identified and may pursue businesses outside that industry.
Investment Focus
Cannabis
Key Information
As the filings state it
- IPO Date
- 2019-03-06
- Total Redemptions
- $923K
- PIPE
- $483M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-07-23
- Merger Target
- Microvast, Inc.
- SPAC Ticker
- THCB
- Merged Ticker
- MVST
Stock Performance
MVSTTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-03-27 | $9.75 | |
| At Merger | 2021-07-26 | $8.74 | -10% |
| 6 Months Post-Merger | 2022-01-26 | $5.36 | -39% |
| 1 Year Post-Merger | 2022-07-25 | $2.29 | -74% |
| 2 Years Post-Merger | 2023-07-26 | $2.44 | -72% |
| Current Price | 2026-10-06 | $0.62 | -94% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Stephen A. Vogel brings more than 40 years of entrepreneurial, operating, private equity, and blank-check-company experience. Ruth Epstein has extensive financial and strategic advisory experience and experience investing in, advising, and working with legal cannabis companies; the broader team includes dealmakers, operators, and investors with cannabis and blank-check-company experience.