Thunder Bridge Capital Partners IV Inc. (Nasdaq: THCPU) has offered holders of the 23,652,784 units sold in the company’s initial public offering the option to separately trade shares of the company’s Class A common stock and warrants included in the units. The shares of Class A common stock and warrants that are separated will trade on The Nasdaq Global Market under the symbols “THCP” and “THCPW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on Nasdaq under the symbol “THCPU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
Morgan Stanley & Co. LLC acted as sole book running manager for the offering.
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 Simanson.