THCB - Tuscan jumps 7% files revised statement for combination with Microvast

Tuscan ([[THCB]] +5.1%) files revised proxy with SEC in connection with the proposed business combination with Microvast, for commercial and specialty vehicles. Company expects the special meeting to be held on or about July 16, 2021.The previously announced business combination is expected to provide $822 million of gross proceeds to Microvast.Upon the closing of the business combination, the combined company will be named Microvast Holdings and is expected to be listed on the Nasdaq under the new ticker symbol “MVST.”Previously: SPAC Tuscan Holdings drops after extending time to complete Microvast deal (May 11)

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Tuscan jumps 7%, files revised statement for combination with Microvast