Twelve Seas Financial investment Organization II Announces Closing of $300,000,000 Preliminary Public Featuring

Los Angeles, CA, March 02, 2021 (Globe NEWSWIRE) — Twelve Seas Investment decision Company II (the “Company”) introduced right now that it closed its first general public offering of 30,000,000 models at $10.00 for every device. The models are shown on the Nasdaq Cash Current market (“Nasdaq”) and started trading on Friday, February 26, 2021, below the ticker image “TWLVU”. Just about every device consists of one particular share of the Company’s Class A prevalent stock and a single-third of just one redeemable warrant, each individual full warrant entitling the holder thereof to acquire one share of Course A common stock at a rate of $11.50 per share. Only total warrants are exercisable and will trade. After the securities comprising the models commence different buying and selling, shares of the Course A frequent inventory and warrants are envisioned to be detailed on Nasdaq under the symbols “TWLV” and “TWLVW,” respectively.

The Corporation is a blank test corporation fashioned for the objective of effecting a merger, capital inventory exchange, asset acquisition, inventory order, reorganization or very similar business mix with a person or much more enterprises. Even though the Organization might go after an preliminary small business blend target in any company, market or geographic site, it intends to concentrate its research on worldwide businesses found outside the United States, focusing on people with fairness values involving $500 million and $2 billion. Even though the Organization will not concentration on any individual sector, it strategies to take into account business solutions, shopper, financials, health care, telecom and media, technological innovation and thoroughly clean electricity. The Corporation is led by Chairman, Neil Richardson, Main Executive Officer, Dimitri Elkin and Main Fiscal Officer, Jonathan Morris.

Mizuho Securities United states LLC acted as the sole guide running supervisor for the supplying. The Firm has granted the underwriters a 45-working day alternative to invest in up to an additional 4,500,000 models at the original general public featuring price tag to cover above-allotments, if any. Xtellus Money Companions Inc. and Beech Hill Securities, Inc. acted as co-managers on this providing.

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Of the proceeds acquired from the consummation of the original community featuring and simultaneous non-public placement of units, $300,000,000 (or $10.00 for every unit bought in the community providing) was placed in trust. An audited balance sheet of the Business as of March 2, 2021 reflecting receipt of the proceeds on consummation of the initial public presenting and the private placement will be included as an exhibit to a Recent Report on Type 8-K to be submitted by the Business with the Securities and Exchange Fee (“SEC”).

The presenting was designed only by means of a prospectus. Copies of the prospectus may perhaps be acquired, when offered, from Mizuho Securities Usa LLC, Attention: Equity Cash Marketplaces, 1271 Avenue of the Americas, New York 10020 Telephone: 212-205-7600.

A registration statement relating to these securities has been filed with, and declared efficient by, the SEC on February 25, 2021. This press release shall not represent an offer you to promote or the solicitation of an provide to get, nor shall there be any sale of these securities in any point out or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification beneath the securities guidelines of any this sort of state or jurisdiction.

Ahead-Looking STATEMENTS

This push release contains statements that represent “forward-seeking statements,” like with respect to the Company’s preliminary business combination. Ahead-seeking statements are matter to many situations, lots of of which are over and above the handle of the Organization, which includes those people established forth in the Danger Components portion of the Company’s registration statement and prospectus for the providing filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Business undertakes no obligation to update these statements for revisions or variations just after the date of this release, except as essential by regulation.

Get in touch with

Dimitri Elkin
Twelve Seas Expenditure Business II
delkin @twelveseascapital .com