>> READ MORE, Matt McCall and the InvestorPlace Research Staff, 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending. Don’t Touch Tuscan Holdings Stock Without More Information. Copyright © 2021 InvestorPlace Media, LLC. For example, NGA stock has already risen over 32%, raising the pro forma implied enterprise value of the deal to $2.1 billion (see my table above). quotes delayed at least 15 minutes, all others at least 20 minutes. SPAC investors will own 23% of the combined company. There are other worries as well. Bloomberg reported a valuation around $2 billion, but the delay in any official merger announcement suggests there may be some disagreement on that front. Revenue, growth rates, profitability and multi-year forecasts are the norm. Merger Target: UpHealth Holdings and Cloudbreak HealthIndustry: Digital HealthcarePro Forma Market Capitalization: $1.47 billion. RBLX Stock IPO: When Does Roblox Go Public? Microvast and Tuscan Holdings Corp. (NASDAQ: THCB) have entered into a merger agreement that will result in Microvast becoming a publicly listed company. As per the reporting by Bloomberg, Microvast and Tuscan Holdings have now signed a Definitive Agreement (DA) to merge. Concluding Views on Tuscan Holdings Given the outlook for the commercial EV industry, the merger agreement between Tuscan Holdings and Microvast is likely to create value. However, so far there has not been any follow-on announcement. All rights reserved. A recent Crunchbase article points out the very considerable advantages SPAC mergers have over IPOs for private companies. Copyright © This is well below the peer average ratio of 0.73 times. Tuscan’s management team is led by Stephen Vogel, Chairman and Chief Executive Officer. Electric-vehicle battery maker Microvast said on Monday it would go public through a merger with blank-check company Tuscan Holdings Corp, in … The deal involves the raising of additional capital through a PIPE (private investment in public equity) for $200 million. This implies that as of today GIX stock has an upside of 74%. 1125 N. Charles St, Baltimore, MD 21201. The transaction leaves the company with a combined valuation of roughly $3 billion. EV SPACs are torrid, which suggests Tuscan Holdings should be willing to negotiate. A Quebec, Canada-based electric vehicle maker called The Lion Company announced on Nov. 30 a merger with Kansas City, MO-based SPAC called Northern Genesis (NGA). Finally, and perhaps most importantly, we have no idea what the assumed valuation of the merger will be. Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. Look for good things to happen to this stock when the deal closes. The pivot from the “hot” sector of early 2019 to the “hot” sector of late 2020 seems a potential concern. This week there are several unique proposed mergers, including one SPAC that, incredibly, will close on the merger of two different companies. And so it’s impossible to pound the table too forcefully — or at all — without understanding that fact, as well as having a better understanding of Microvast’s positioning in the battery space. First, it’s now been two months since the letter of intent was signed. Tuscan Holdings (NASDAQ: THCB) stock no doubt could be a big-time winner. On Nov. 23, a Palo Alto, CA-based SPAC named GigCapital2 signed two simultaneous merger agreements with both UpHealth, Inc. and Cloudbreak Health. Tuscan Holdings (NASDAQ:THCB) stock no doubt could be a big-time winner. On Dec. 1, Bloomberg reported that Transfix, a freight logistics startup, is in exclusive talks with a SPAC called Tuscan Holdings Corp II (NASDAQ:THCA) to discuss a possible merger. On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. This company is hard to value. View has over 1,050 patents and its windows are installed in all major real estate markets in the U.S. It is not pre-revenue, with $31 million in sales this year. 5 SPAC Stock Mergers Recently Announced and 3 Rumored Mergers, What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, Mark Cuban and a number of other investors will invest in the $160 million PIPE deal, signed two simultaneous merger agreements, AvePoint agreed to merge with Apex Technology Acquisition Corp (APXT), 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending, Matt McCall and the InvestorPlace Research Staff. Most of these announced mergers will close in Q4 or early Q1. For example, the company says that the peer EV-to-Revenue multiple is 12.9 times, whereas GIX / UPH has a pro forma ratio of just 6.9 times. They will receive $257 million in a cash payout. Microvast and Tuscan expect the merger transaction to close in the second quarter of 2021, giving the newly public company an equity value of $2.1 billion. The combined company will have an equity value of $3 billion. Copyright © 2021 InvestorPlace Media, LLC. Homes For Rent In Marrero, Board Of Education Wicomico County Jobs, Lighter Pick Up Lines, The Space Denver, String Art Designs On Paper, Mediterranean Food Captions, Temple University Dorms, Vinyl Craft Supplies, Urgent Care Mount Juliet, " /> >> READ MORE, Matt McCall and the InvestorPlace Research Staff, 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending. Don’t Touch Tuscan Holdings Stock Without More Information. Copyright © 2021 InvestorPlace Media, LLC. For example, NGA stock has already risen over 32%, raising the pro forma implied enterprise value of the deal to $2.1 billion (see my table above). quotes delayed at least 15 minutes, all others at least 20 minutes. SPAC investors will own 23% of the combined company. There are other worries as well. Bloomberg reported a valuation around $2 billion, but the delay in any official merger announcement suggests there may be some disagreement on that front. Revenue, growth rates, profitability and multi-year forecasts are the norm. Merger Target: UpHealth Holdings and Cloudbreak HealthIndustry: Digital HealthcarePro Forma Market Capitalization: $1.47 billion. RBLX Stock IPO: When Does Roblox Go Public? Microvast and Tuscan Holdings Corp. (NASDAQ: THCB) have entered into a merger agreement that will result in Microvast becoming a publicly listed company. As per the reporting by Bloomberg, Microvast and Tuscan Holdings have now signed a Definitive Agreement (DA) to merge. Concluding Views on Tuscan Holdings Given the outlook for the commercial EV industry, the merger agreement between Tuscan Holdings and Microvast is likely to create value. However, so far there has not been any follow-on announcement. All rights reserved. A recent Crunchbase article points out the very considerable advantages SPAC mergers have over IPOs for private companies. Copyright © This is well below the peer average ratio of 0.73 times. Tuscan’s management team is led by Stephen Vogel, Chairman and Chief Executive Officer. Electric-vehicle battery maker Microvast said on Monday it would go public through a merger with blank-check company Tuscan Holdings Corp, in … The deal involves the raising of additional capital through a PIPE (private investment in public equity) for $200 million. This implies that as of today GIX stock has an upside of 74%. 1125 N. Charles St, Baltimore, MD 21201. The transaction leaves the company with a combined valuation of roughly $3 billion. EV SPACs are torrid, which suggests Tuscan Holdings should be willing to negotiate. A Quebec, Canada-based electric vehicle maker called The Lion Company announced on Nov. 30 a merger with Kansas City, MO-based SPAC called Northern Genesis (NGA). Finally, and perhaps most importantly, we have no idea what the assumed valuation of the merger will be. Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. Look for good things to happen to this stock when the deal closes. The pivot from the “hot” sector of early 2019 to the “hot” sector of late 2020 seems a potential concern. This week there are several unique proposed mergers, including one SPAC that, incredibly, will close on the merger of two different companies. And so it’s impossible to pound the table too forcefully — or at all — without understanding that fact, as well as having a better understanding of Microvast’s positioning in the battery space. First, it’s now been two months since the letter of intent was signed. Tuscan Holdings (NASDAQ: THCB) stock no doubt could be a big-time winner. On Nov. 23, a Palo Alto, CA-based SPAC named GigCapital2 signed two simultaneous merger agreements with both UpHealth, Inc. and Cloudbreak Health. Tuscan Holdings (NASDAQ:THCB) stock no doubt could be a big-time winner. On Dec. 1, Bloomberg reported that Transfix, a freight logistics startup, is in exclusive talks with a SPAC called Tuscan Holdings Corp II (NASDAQ:THCA) to discuss a possible merger. On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. This company is hard to value. View has over 1,050 patents and its windows are installed in all major real estate markets in the U.S. It is not pre-revenue, with $31 million in sales this year. 5 SPAC Stock Mergers Recently Announced and 3 Rumored Mergers, What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, Mark Cuban and a number of other investors will invest in the $160 million PIPE deal, signed two simultaneous merger agreements, AvePoint agreed to merge with Apex Technology Acquisition Corp (APXT), 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending, Matt McCall and the InvestorPlace Research Staff. Most of these announced mergers will close in Q4 or early Q1. For example, the company says that the peer EV-to-Revenue multiple is 12.9 times, whereas GIX / UPH has a pro forma ratio of just 6.9 times. They will receive $257 million in a cash payout. Microvast and Tuscan expect the merger transaction to close in the second quarter of 2021, giving the newly public company an equity value of $2.1 billion. The combined company will have an equity value of $3 billion. Copyright © 2021 InvestorPlace Media, LLC. Homes For Rent In Marrero, Board Of Education Wicomico County Jobs, Lighter Pick Up Lines, The Space Denver, String Art Designs On Paper, Mediterranean Food Captions, Temple University Dorms, Vinyl Craft Supplies, Urgent Care Mount Juliet, " />

tuscan holdings corp merger

Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The pro forma enterprise value at today’s price is $1.47 billion. It took Tuscan 19 months to find a target — perhaps because its original plan fell through. The stunning rise in SPAC mergers was one of the biggest market trends of 2020. The coronavirus pandemic led many to stop driving and are working at home. Tuscan itself actually went public in March 2019, but in November 2020 it appeared the company finally had found a target. About Tuscan . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. And that valuation makes a huge difference to THCB stock. The Only Thing Certain About the Merger Between Microvast and Tuscan Holdings Corp. (THCB) Is That Nothing Is Certain By Rohail Saleem Jan 20, 2021 12:10 EST Two-thirds are low-mileage drivers and they are charged too much by traditional insurers. Merger Target: MetromileIndustry: Auto insurancePro Forma Market Capitalization: $1.5 billion. It’s difficult to understand exactly what the holdup might be. Those agreements aren’t necessarily final — they need to be approved by shareholders — but the terms of the merger are set. Tuscan Holdings (NASDAQ: THCB), a special purpose acquisition company (SPAC) with an agreed merger with Microvast, a battery storage company, looks undervalued here. These are discussed at the end of the article. All rights reserved. Tuscan Holdings announced in early November plans to combine with and bring public "next-generation battery technologies" company and Fiat … At $1.5 billion, closer to 17%. The article says that the prior valuation was $800 million for this VC-funded startup. Yet the stock still has rallied some 60% since November. The SPAC (special purpose acquisition company) is merging with battery tech play Microvast — … Keep in mind that there is no guarantee these deals go through, so be careful. Nasdaq This is based on its 2024 forecast EV-to-revenue ratio of 1.78 times, compared to a peer average of 6.7 times. 3 Big Stories to Catch Up On. However, investors in the SPAC will own just 12.4% of the combined company. Tuscan Holdings Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. UpHealth is a leading digital healthcare provider and Cloudbreak Health is a leading telemedicine and video medical interpretation company. However, there are … 1125 N. Charles St, Baltimore, MD 21201. AvePoint says it is the largest data management solutions provider for the Microsoft cloud. Based on today’s price, CFII stock has a pro forma enterprise value of $1.69 billion. About Tuscan . This should grow to $1.89 billion by the end of 2025. Transfix and Tuscan are in exclusive negotiations, with terms yet to be finalized, according to a person with knowledge of the talks that Bloomberg did not identify because the discussions are private. We don’t even know how fast that revenue is growing at the moment. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Until those questions are answered, it seems unwise to pay a premium for what, at the moment, remains just a bank account full of cash without a merger partner. The next day, Tuscan Holdings confirmed that report, announcing that it had signed a letter of intent “related to a business combination” with Microvast. The 33-page slide presentation that came along with the deal announcement is very interesting. This is because the company claims that on average its customers save 47% vis-a-vis their prior insurance. Based on a 38% gain in APEX stock, it now has a pro forma enterprise value of $2.49 billion. quotes delayed at least 15 minutes, all others at least 20 minutes. When the merger is announced, SPACs also disclose information about the business with which they’re merging. Copyright © It “tints glass to optimize natural light while controlling heat and glare.” This makes smart connected buildings with lower energy use and greenhouse gas (GHG) emissions. Using the company’s presentation, I estimate it is worth at least $5.3 billion, or over 200% higher than today’s price. In addition, there is another electric vehicle SPAC and a glass company SPAC merger. This article will analyze five recent SPAC stock mergers as well as three SPAC mergers that may be close to being made public. Take a Position in Stellar Lumens Now as It Keeps Making Its Way Higher, 7 of the Top Transportation Stocks to Buy Right NowÂ, After Earnings, the Battle Over Nio Stock Is All About Valuation, Should You Buy GameStop Stock? What Did the Stock Market Do Today? Several recent magazine articles report that three different deals are close to final terms. According to the FT, the SPAC merger is to be based on terms of a $760 million proposed valuation for the combined company. Now, Mark Cuban and a number of other investors will invest in the $160 million PIPE deal that will come with the merger. The SPAC merger is ideal for investors in this case, as page 39 of the associated presentation shows the company’s projected finances. But this wasn’t a typical SPAC announcement. Transfix, a logistics startup that operates a freight marketplace, is in talks to go public through a merger with a blank-check firm, Tuscan Holdings Corp. II, according to … The economics of the deal are also appealing. The new symbol will be UPH when the merger closes. Tuscan Holdings Corp. is a blank check company, which focuses in searching a target businesses in the cannabis industry. The company expects to select a state either in the West of the U.S. or the Midwest to establish a manufacturing plant. In the end, the deal will result in The Lion Company being listed on the NYSE under symbol LEV with a net amount of around $500 million in their coffers. Find the latest Tuscan Holdings Corp. (THCBU) stock quote, history, news and other vital information to help you with your stock trading and investing. Moreover, there is a new type of insurance company going public this way. Tuscan originally was looking to bring cannabis companies public (hence the THCB ticker). Texas-headquartered electric battery maker Microvast Inc’s merger talks with the blank check company Tuscan Holdings Corp THCB 5.62% has progressed to … At a $2 billion valuation, THCB shareholders would own about 13% of the merged company, give or take. 2021 InvestorPlace Media, LLC. The November announcement did disclose that the company would target over $100 million in revenue “this financial year,” which presumably refers to calendar 2020. Tuscan Holdings (NASDAQ: THCB) is charging up for another rally on Wednesday, as investors flock to the special purpose acquisition company. Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. The Short Answer Is No. Nasdaq None of those things have happened with Tuscan Holdings yet. The combined company is … The deal involves a $300 million PIPE from institutional investors and will raise $513 million on a net basis for the combined company. Nevertheless, existing SPAC shareholders will still only control 17.6% of the combined company, which is lower than normal. Neither New York City-based Transfix nor Tuscan Holdings Corp. II (NASDAQ: THCA) would comment on discussions. Quite obviously, the assigned valuation makes a huge difference to THCB stock. On Dec. 1, Bloomberg reported that Transfix, a freight logistics startup, is in exclusive talks with a SPAC called Tuscan Holdings Corp II (NASDAQ: THCA) to … So here is the list of the announced mergers of SPAC stocks and the target private companies I’d like to talk about today: In addition, there are those three rumored SPAC merger deals that have not yet been officially announced (and still may not be). There’s been no announcement of a signed agreement, no data on Microvast itself and, crucially, no disclosure as to how much of Microvast THCB shareholders will wind up owning. My estimate is that THCB … In the latest 10-Q filing by Tuscan Holdings Corp, the balance sheet indicates that this SPAC has 65 million shares outstanding. So does the length of time from Tuscan’s IPO to the November announcement. This puts its pro forma EV-to-revenue multiple at 9.7 times. The amount of capital raised by SPACs jumped nearly sixfold last year. The company announced that it has entered into a definitive agreement to merge with special-purpose acquisition company (SPAC) Tuscan Holdings (NASDAQ:THCB). 2021 InvestorPlace Media, LLC. This last one is a straight software technology merger. Right now, those both look like huge “ifs.” As a result, patience is probably the right strategy here. WILMINGTON, Del., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. They will serve four of the fastest-growing digital health markets: Integrated Care Management, Global Telehealth, Digital Pharmacy, and Tech-enabled Behavioral Health. Investors might brace for the idea that this deal has possibly fallen through. Second, we have exceedingly little data about Microvast itself. The SPAC (special purpose acquisition company) is merging with battery tech play Microvast — and SPACs in the electric-vehicle (EV) market have done very well indeed. That SPAC is called Foley Transimene Acquisition Corp II (NYSE:BFT). RBLX Stock IPO: When Does Roblox Go Public? On Nov. 24, a Cohen & Co. (NYSEAMERICAN:COHN)-sponsored SPAC announced a merger with a leading new type of insurance company called Metromile. Tuscan Holdings Corp. operates as a special purpose acquisition company. There are no public peers in this category and the company does not show any comparisons. What Is the Roblox IPO Price Range? Indeed, THCB stock has roared to $16 even without a signed agreement. On Nov. 30, an NYC-based SPAC, backed by investment banking firm Cantor Fitzgerald, agreed to merge and raise capital for a smart glass company based in Silicon Valley called View, Inc. View is a next-generation leader in smart windows that uses artificial intelligence and machine learning. There are no deal terms. Take a Position in Stellar Lumens Now as It Keeps Making Its Way Higher, 7 of the Top Transportation Stocks to Buy Right NowÂ, After Earnings, the Battle Over Nio Stock Is All About Valuation, Should You Buy GameStop Stock? This is in addition to their existing Montreal-based plant which produces 2,500 EV trucks annually today. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article. FTIV has raised $230 million in its IPO. Moreover, SPAC investors will only own 17.6% of the combined company, which will also trade under a new symbol, MLE, at the close of the merger. The new symbol on NASDAQ for when the merger closes is not yet set. They expect to be profitable on an operating margin basis by Q2 of 2022. They then found their auto insurance was too high. But as a private company, Microvast doesn’t disclose detailed financials. NEW YORK, Nov. 13, 2020 /PRNewswire/ -- Tuscan Holdings Corp. (Nasdaq: THCB) ("Tuscan") today confirmed that it has signed a letter of intent ("LOI") related to … This will allow the company to fully fund its five-year growth plans making electric trucks and buses. Microvast Inc., a maker of electric vehicle battery technology, said Monday it is going public via a merger with special purpose acquisition corporation Tuscan Holdings Corp. THCB, … 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/thcb-stock-dont-touch-teuscan-holdings-without-more-information/. 1125 N. Charles St, Baltimore, MD 21201. This is well below average for most SPAC deals. From information on page 27 of the company’s presentation, revenue will be $257 million by 2022. Tuscan’s management team is led by Stephen Vogel, Chairman and Chief Executive Officer. About Tuscan. It’s nearly impossible to make those important decisions without that data. On Nov. 29, the Financial Times reported that famed investment bank Perella Weinberg Partners was considering going public via a SPAC merger with FinTech Acquisition Corp IV (NASDAQ:FTIV). This is about 12.9 times the 2024 forecast operating profits of $97 million. Mark Hake runs the Total Yield Value Guide which you can review here. Microvast is a … Nevertheless, based on the presentation and my analysis, the forecast EV-to-Revenue ratio for 2024 is still at 0.67 times. The new name of all three will be UpHealth and will trade on the NYSE. As a result, Metromile, a leader in the pay-per-mile (PPM) new type of insurance, took off. You can also read my earlier articles on SPAC mergers, such as the most recent on Nov. 10. Bloomberg reported on Nov. 12 that Microvast and Tuscan were in talks to merge. However, the … Merger Target: ViewIndustry: Smart Glass ManufacturerPro Forma Market Capitalization: $2.2 billion. What Did the Stock Market Do Today? For now, however, the emphasis is on “could be.” Tuscan sits in a somewhat odd situation by SPAC standards, with the merger target disclosed but the details of the transaction not yet revealed. All rights reserved. Special purpose acquisition company Tuscan Holdings will merge with EV battery maker Microvast. The other, related, issue is the stock price. What Is the Roblox IPO Price Range? Tuscan Holdings Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset … All rights reserved. THCB trades at $16 per share, above its own initial offering price of $10. Tuscan closed its third quarter with $256 million in cash. After all, SPAC shareholders have the right not only to vote for or against the merger but also to redeem their shares. Moreover, this is one of the rare deals that will also pay cash to existing shareholders at AvePoint. That could be a steal — if the Microvast deal closes and if the terms of the deal are favorable to Tuscan stockholders. Merger Target: The Lion Electric CompanyIndustry: Electric Truck and Bus ManufacturerPro Forma Market Capitalization: $2.6 billion. Therefore, I estimate that APXT stock is still worth about 46% more, once the merger closes. Nearly every SPAC, when announcing its target, discloses a signed merger agreement. Tuscan Holdings Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The thesis is that most people are overpaying for insurance. investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. (Reuters) - Electric-vehicle battery maker Microvast has agreed to go public through a merger with Tuscan Holdings Corp THCB.O, the blank-check company said here on Friday. But, despite that, they might allow investors to get in on these SPAC mergers before they are publicly released. The presentation provides a comparison with peers on page 29 that show an average multiple of 14.2 times revenue. Microvast's technology is … That’s one big concern. SPAC public shareholders will own over 20% of the company. All three companies will have an integrated global platform. Click here to see what Matt has up his sleeve now. This is higher than average, which bodes well for the long-term. In addition, the slide presentation associated with the merger shows rough projections on page 31 of revenue of $346 million by 2022 and $69 million in EBITDA profits. As a result, NGA stock (LEV stock after the merger) still has at least 47% upside, to $19.48 per share. Two months after a letter of intent was signed, there’s still been no news. That is one reason why despite raising $106 million in net proceeds, the combined company has a pro forma enterprise value of just $1.37 billion based on my calculations. Recently there has been a flurry of new SPAC (special purpose acquisition company) mergers announced with private companies. On Nov. 23, Jersey City-based tech company AvePoint agreed to merge with Apex Technology Acquisition Corp (APXT). Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. There simply are a number of questions regarding THCB stock that don’t have an answer yet. The pro forma enterprise value is $1.25 billion, including $294 million to be raised in the merger. SPACs are clearly becoming more mainstream, especially for private companies that want to go public quickly. At $3 billion, they get under 9% of shares. That’s a huge problem at the moment, for several reasons. GIX stock has not risen since the deal announcement. The Short Answer Is No. And there is the obligatory software company. Article printed from InvestorPlace Media, https://investorplace.com/2020/12/5-spac-stock-mergers-recently-announced-and-3-rumored-mergers/. This is a pay-per-mile auto insurer that is trying to disrupt the $280 billion auto insurance industry. Based on the company’s estimates of peer valuations on page 42 of the presentation, it appears this pro forma EV is well below other comps. Microvast, a maker of electric batteries, is in advanced talks to go public through a merger with the blank-check company Tuscan Holdings Corp., … Tuscan Holdings soars 40% after the blank-check company announces merger with battery maker Microvast (THCB) Tuscan Holdings soared over 40% on Monday morning after the special purpose acquisition company announced it will merge with EV battery maker Microvast. The deal will provide $252 million to the combined company’s coffers and essentially gives it a $2.74 billion pro forma market capitalization given the rise in APXT stock. Merger Target: AvePointIndustry: Data ManagementPro Forma Market Capitalization: $2.7 billion. There seems to be a high degree of risk and variability in this projection and therefore it is not possible to estimate what the stock is worth. 3 Big Stories to Catch Up On. Another Bloomberg article on Nov. 6 suggested that a UK payments company called PaySafe Group, backed by the Blackstone Group (NYSE:BX) was considering going public via a merger with a SPAC started by billionaire Bill Foley. In most cases, the merger price is $10 per share, but the amount of the merged company to be owned by the SPAC, existing shareholders and concurrent private investors can vary greatly. Click here to see what Matt has up his sleeve now, What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, Matt McCall and the InvestorPlace Research Staff, 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending. Don’t Touch Tuscan Holdings Stock Without More Information. Copyright © 2021 InvestorPlace Media, LLC. For example, NGA stock has already risen over 32%, raising the pro forma implied enterprise value of the deal to $2.1 billion (see my table above). quotes delayed at least 15 minutes, all others at least 20 minutes. SPAC investors will own 23% of the combined company. There are other worries as well. Bloomberg reported a valuation around $2 billion, but the delay in any official merger announcement suggests there may be some disagreement on that front. Revenue, growth rates, profitability and multi-year forecasts are the norm. Merger Target: UpHealth Holdings and Cloudbreak HealthIndustry: Digital HealthcarePro Forma Market Capitalization: $1.47 billion. RBLX Stock IPO: When Does Roblox Go Public? Microvast and Tuscan Holdings Corp. (NASDAQ: THCB) have entered into a merger agreement that will result in Microvast becoming a publicly listed company. As per the reporting by Bloomberg, Microvast and Tuscan Holdings have now signed a Definitive Agreement (DA) to merge. Concluding Views on Tuscan Holdings Given the outlook for the commercial EV industry, the merger agreement between Tuscan Holdings and Microvast is likely to create value. However, so far there has not been any follow-on announcement. All rights reserved. A recent Crunchbase article points out the very considerable advantages SPAC mergers have over IPOs for private companies. Copyright © This is well below the peer average ratio of 0.73 times. Tuscan’s management team is led by Stephen Vogel, Chairman and Chief Executive Officer. Electric-vehicle battery maker Microvast said on Monday it would go public through a merger with blank-check company Tuscan Holdings Corp, in … The deal involves the raising of additional capital through a PIPE (private investment in public equity) for $200 million. This implies that as of today GIX stock has an upside of 74%. 1125 N. Charles St, Baltimore, MD 21201. The transaction leaves the company with a combined valuation of roughly $3 billion. EV SPACs are torrid, which suggests Tuscan Holdings should be willing to negotiate. A Quebec, Canada-based electric vehicle maker called The Lion Company announced on Nov. 30 a merger with Kansas City, MO-based SPAC called Northern Genesis (NGA). Finally, and perhaps most importantly, we have no idea what the assumed valuation of the merger will be. Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion. Look for good things to happen to this stock when the deal closes. The pivot from the “hot” sector of early 2019 to the “hot” sector of late 2020 seems a potential concern. This week there are several unique proposed mergers, including one SPAC that, incredibly, will close on the merger of two different companies. And so it’s impossible to pound the table too forcefully — or at all — without understanding that fact, as well as having a better understanding of Microvast’s positioning in the battery space. First, it’s now been two months since the letter of intent was signed. Tuscan Holdings (NASDAQ: THCB) stock no doubt could be a big-time winner. On Nov. 23, a Palo Alto, CA-based SPAC named GigCapital2 signed two simultaneous merger agreements with both UpHealth, Inc. and Cloudbreak Health. Tuscan Holdings (NASDAQ:THCB) stock no doubt could be a big-time winner. On Dec. 1, Bloomberg reported that Transfix, a freight logistics startup, is in exclusive talks with a SPAC called Tuscan Holdings Corp II (NASDAQ:THCA) to discuss a possible merger. On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. This company is hard to value. View has over 1,050 patents and its windows are installed in all major real estate markets in the U.S. It is not pre-revenue, with $31 million in sales this year. 5 SPAC Stock Mergers Recently Announced and 3 Rumored Mergers, What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, Mark Cuban and a number of other investors will invest in the $160 million PIPE deal, signed two simultaneous merger agreements, AvePoint agreed to merge with Apex Technology Acquisition Corp (APXT), 2 Charts That Prove This Is Not Dot-Com 2.0, Be Careful With Churchill Capital IV Stock, While the Lucid Deal’s Still Pending, Matt McCall and the InvestorPlace Research Staff. Most of these announced mergers will close in Q4 or early Q1. For example, the company says that the peer EV-to-Revenue multiple is 12.9 times, whereas GIX / UPH has a pro forma ratio of just 6.9 times. They will receive $257 million in a cash payout. Microvast and Tuscan expect the merger transaction to close in the second quarter of 2021, giving the newly public company an equity value of $2.1 billion. The combined company will have an equity value of $3 billion. Copyright © 2021 InvestorPlace Media, LLC.

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