Thunder Bridge Capital Partners III Inc. has closed its initial public offering of 41,400,000 units, including 5,400,000 Units issued pursuant to the exercise in full of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $414,000,000.
The Company’s units are listed on the Nasdaq Capital Market and commenced trading under the ticker symbol “TBCPU” on February 5, 2021. 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 “TBCP” and “TBCPW,” respectively.
Morgan Stanley & Co. LLC acted as sole book running manager for the offering.