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Microvast Likely Not Going Public Just Yet as the SPAC Tuscan Holdings Corp. (THCB) Is Now Seeking an Extension To the Merger Deadline

Microvast Likely Not Going Public Just Yet as the SPAC Tuscan Holdings Corp. (THCB) Is Now Seeking an Extension To the Merger Deadline

3 years ago
Anonymous $hYN7Hy7o7J

https://wccftech.com/microvast-likely-not-going-public-just-yet-as-the-spac-tuscan-holdings-corp-thcb-is-now-seeking-an-extension-to-the-merger-deadline/

Microvast, a provider of fast-charging batteries for commercial and specialty-use electric vehicles, remained a subject of intense speculation frenzy in late 2020 and early 2021 as investors weighed the likelihood of its merger with the SPAC Tuscan Holdings Corp. (NASDAQ:THCB). That uncertainty was resolved in February when the two entities formalized a merger DA. Now, however, it seems that Tuscan Holdings investors will have to wait a little while longer for this merger agreement to take effect.

As per the Form DEF14A filed by Tuscan Holdings with the SEC, the SPAC is seeking to extend its merger consummation deadline in the annual meeting of its shareholders, scheduled for 10:00 a.m. EDT on the 28th of April: