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Twelve Seas Investment Company, a SPAC focused on the Pan-Eurasian region, files for a $100 million IPO

June 1, 2018
Brooge Holdings (Twelve Seas Investment Co) logo

Twelve Seas Investment Company, a blank check company formed to acquire a business located in the Pan-Eurasian region, announced terms for its IPO on Friday.

The London, United Kingdom-based company plans to raise $100 million by offering 10 million units at a price of $10. At that price, Twelve Seas Investment Company would command a market value of $131 million. Each unit consists of one ordinary share and one warrant exercisable at $11.50.

Twelve Seas Investment Company was founded in 2017 and plans to list on the Nasdaq under the symbol TWLVU. EarlyBirdCapital is the sole bookrunner on the deal.