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THCB - Tuscan Holdings shareholders approve business combination
Microvast Holdings Inc Com
SPAC Tuscan Holdings ([[THCB]] +4.5%) approves all proposals related to business combination with Microvast at a special meeting. Closing is anticipated to occur on July 23, 2021.The combined company will be known as Microvast and is expected to trade on Nasdaq under the new ticker symbol “MVST.”The previously announced business combination is expected to provide $822M of gross proceeds to Microvast.In February, Microvast and Tuscan Holdings announced a merger agreement .