Group 1 - The Company, Twelve Seas Investment Company III, closed its initial public offering (IPO) of 17,250,000 units, raising gross proceeds of $172,500,000, with the offering priced at $10.00 per unit [1] - The Company's units began trading on NASDAQ under the ticker symbol "TWLVU" on December 12, 2025, with each unit consisting of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon the completion of a business combination [2] - The Company is a blank check company formed to pursue mergers and acquisitions, focusing on established profitable enterprises in the oil and gas sector and other industries, primarily targeting global companies outside the United States [3] Group 2 - The management team of the Company includes Dimitri Elkin as CEO and Jonathan Morris as CFO, along with independent directors Julian Vickers, Bob Foresman, Greg Nelson, and Olga Klimova [3] - Cohen & Company Capital Markets acted as the sole book-running manager for the offering, with legal counsel provided by Ellenoff Grossman & Schole LLP and Ogier (Cayman) LLP [4]
Twelve Seas Investment Company III Completes $172,500,000 Initial Public Offering