Thunder Bridge Capital Partners IV Inc. has closed its initial public offering of 22,500,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $225,000,000. The underwriters have a 45-day option to purchase up to an additional 3,375,000 units to cover over-allotments, if any.

The company’s units are listed on the Nasdaq Global Market and commenced trading under the ticker symbol “THCPU.” Each unit consists of one share of the company’s Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will trade and are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on Nasdaq under the symbols “THCP” and “THCPW,” respectively.

The company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the financial services industry. The company is led by chief executive officer Gary A. Simanson.

Morgan Stanley & Co. LLC acted as sole book running manager for the offering.