SPAC Twelve Seas Investment III files for a $150 million IPO, targeting global businesses ex-US
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Twelve Seas Investment III, a blank check company, has filed with the SEC for a $150 million IPO, targeting global businesses outside the US. The Los Angeles-based firm plans to offer 15 million units at $10 each, with each unit comprising one share of common stock and a right to receive a fraction of a share upon a business combination. Led by CEO Dimitri Elkin, the SPAC aims to focus on profitable enterprises in sectors like oil and gas. It plans to list on Nasdaq under the symbol TWLVU, with Cohen & Company Securities as the bookrunner.
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