Microvast, Inc.

Tuscan Holdings Corp. (Nasdaq: THCB), sponsored by Tuscan Holdings Acquisition LLC, completed its IPO in November 2018 with a focus on the clean energy and industrial technology sectors. In February 2021, the SPAC announced a definitive business combination agreement with Microvast, Inc., a developer of lithium-ion battery systems for electric vehicles and energy storage applications. The transaction closed in July 2021, with Microvast subsequently trading on Nasdaq under the ticker MVST. The deal is now closed, marking one of the more prominent clean energy SPAC transactions of the 2021 merger wave. Sign up at SpacDesk for full filing history, deal analytics, and real-time data on THCB and hundreds of other SPAC transactions.

SPAC Counterparty (1)