Twelve Seas Investment III, a blank check company, raised $150 million through an IPO offering 15 million units at $10 each.
The company focuses on targeting oil and gas companies located outside the US.
Management includes CEO Dimitri Elkin, Chairman Julian Vickers, and CFO Jonathan Morris, with experience in private equity and oil and gas investment banking.
They plan to target global companies outside the US, emphasizing profitable enterprises in various sectors including oil and gas.
Previous SPACs managed by the team include Twelve Seas Investment II and Twelve Seas Investment, with successful mergers and listings.
IPO Fundraising
Raised $150 million through offering 15 million units at $10 each.
Management Team
Led by CEO Dimitri Elkin, Chairman Julian Vickers, and CFO Jonathan Morris with solid industry experience.
Target Market
Focused on global companies outside the US, especially in profitable sectors like oil and gas.
Listing Plan
Intends to list on Nasdaq under the symbol TWLVU with Cohen & Company Securities as the bookrunner.
- The successful IPO indicates investor interest in the energy sector.
- Management's experience in previous SPACs provides credibility to the new venture.
Twelve Seas Investment III's IPO success and experienced management team position it for potential growth in targeting international energy companies.