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Tech, Sustainability Blank-Check Cos. Net $825M In Debuts

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > Tech, Sustainability Blank-Check Cos. Net $825M In Debuts

Tech, Sustainability Blank-Check Cos. Net $825M In Debuts

Law360 (September 11, 2020, 4:26 PM EDT) — A blank-check company backed by private equity firm True Wind and a sustainability-focused blank-check vehicle began trading Friday after raising a combined $825 million in initial public offerings guided by Ellenoff Grossman, Vinson & Elkins and Maples and Calder.

TWC Tech Holdings II Corp.’s units started trading on the Nasdaq after a $525 million IPO, and Tortoise Acquisition Corp. II listed its shares on the New York Stock Exchange after pricing an upsized, $300 million debut. Both companies priced their units at $10 apiece, as is typical for blank-check companies.

TWC Tech’s units are listed under the symbol TWCTU and opened…

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