Welcome to our dedicated page for Twelve Seas Investment Company III news (Ticker: TWLVU), a resource for investors and traders seeking the latest updates and insights on Twelve Seas Investment Company III stock.
Twelve Seas Investment Company III (NASDAQ: TWLVU) is a blank check company whose public disclosures describe it as being formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Its units trade on the Nasdaq Global Market under the symbol TWLVU, with each unit consisting of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon completion of an initial business combination.
The news flow around Twelve Seas Investment Company III typically centers on capital markets events and corporate milestones related to its status as a blank check company. This includes announcements about the pricing and closing of its initial public offering, the number of units sold, the exercise of any over-allotment options, and the amount of proceeds placed in a trust account for the benefit of public shareholders.
Investors following TWLVU news can also expect updates on the company’s stated acquisition strategy. Public statements highlight its intention to focus on global companies located outside the United States, emphasizing established profitable enterprises in oil and gas and other sectors it views as proven, as well as potential U.S. targets owned by non-U.S. shareholders such as sovereign wealth funds, family offices, international entrepreneurs or global industrial conglomerates.
As Twelve Seas Investment Company III advances toward identifying and negotiating a potential business combination, future news may include disclosures about any proposed transaction, related shareholder votes and regulatory steps. For investors and observers tracking SPAC activity, monitoring TWLVU news provides insight into how the company deploys the capital raised in its offering and how it progresses toward its stated business combination objectives.
Twelve Seas Investment Company III (Nasdaq: TWLVU) announced that, commencing January 9, 2026, holders of units from its initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in those units.
Separated Class A ordinary shares will trade on the Nasdaq Global Market as TWLV and separated rights will trade as TWLVR. Units that are not separated will continue to trade as TWLVU. The announcement also states it is not an offer to sell or solicit an offer to buy these securities and that sales remain subject to applicable registration or qualification requirements.
Twelve Seas Investment Company III (NASDAQ:TWLVU) completed its initial public offering, selling 17,250,000 units at $10.00 per unit for gross proceeds of $172,500,000, including 2,250,000 units from the underwriters’ over-allotment option.
The proceeds from the IPO and a simultaneous private placement were placed in the company’s trust account for public shareholders. Units began trading on NASDAQ on December 12, 2025 under TWLVU; once separated, shares and rights are expected to trade as TWLV and TWLVR. The company is a blank check vehicle formed to complete a business combination, with a stated focus on global, primarily non-U.S., profitable companies including oil and gas.
Twelve Seas Investment Company III (NASDAQ: TWLVU) priced an initial public offering of 15,000,000 units at $10.00 per unit for gross proceeds of $150,000,000. Units will begin trading on December 12, 2025 on the Nasdaq Global Market under the symbol TWLVU, with separate trading of shares and rights expected under TWLV and TWLVR once split. Closing is anticipated on or about December 15, 2025, subject to customary conditions. The underwriters have a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments. The company is a blank check vehicle targeting a global business combination, with emphasis on established profitable companies outside the U.S., including oil and gas opportunities. Key management named include Dimitri Elkin (CEO) and Jonathan Morris (CFO).
Twelve Seas Investment Company II announced the termination of its business combination agreement with Crystal Lagoons due to unmet conditions by the deadline of May 31, 2024. The company will not seek another business combination.
Additionally, Twelve Seas disclosed that it paid $10.64 per public share to its stockholders, rather than the previously reported $10.558. The company's securities were delisted from the over-the-counter market on June 20, 2024. It expects Nasdaq to file a Form 25 with the SEC on June 28, 2024. Subsequently, the company intends to file a Form 15 to suspend its reporting obligations under Section 12(g) of the Securities Exchange Act of 1934.
Twelve Seas Investment Company II (NASDAQ: TWLV) has announced it will not extend the deadline for completing a business combination, opting instead to liquidate. The decision follows the Board's belief that a merger or acquisition could not be finalized by the August 26, 2024 deadline set by Nasdaq. Consequently, all shares submitted for redemption will be returned to stockholders. The company's securities will be suspended from Nasdaq and begin trading over-the-counter on June 10, 2024. The liquidation process will involve redeeming public shares at approximately $10.558 per share and then dissolving the company. The proceeds will be held in a trust and distributed to shareholders, excluding warrant holders, who will not receive redemption rights.
Twelve Seas Investment Company II (NASDAQ: TWLVU) has received a notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the period ending March 31, 2024. This non-compliance with Nasdaq's listing requirements could lead to the delisting of the Company's securities. The company had previously disclosed its inability to file the report on time in a Form 12b-25 filed with the SEC, citing unreasonable effort or expense. Following a hearing on May 2, 2024, the Nasdaq Panel granted an exception until June 7, 2024, for continued listing, subject to conditions. The company has until May 30, 2024, to present additional information to the Panel.
Twelve Seas Investment Company II (NASDAQ: TWLVU) received a notice from Nasdaq due to the late filing of its Form 10-K for the year ended December 31, 2023. The Company failed to meet Nasdaq's timely filing criteria, risking suspension and delisting. Despite efforts to complete the filing, the Company's securities may be moved to the over-the-counter market.
Twelve Seas Investment Company II (TWLVU) announced it received a notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. The notice states non-compliance with Nasdaq’s listing requirements. The company filed a Form 12b-25 on May 17, 2021, citing challenges in accounting for outstanding warrants. TWLVU has 60 days to file its Form 10-Q to regain compliance. Failure to do so could lead to suspension or delisting. The company is actively working to complete the filing.
Twelve Seas Investment Company II (NASDAQ: TWLVU) announced that starting April 19, 2021, holders of its IPO units can trade Class A common stock and warrants separately. The common stock will trade under the symbol TWLV, while the warrants will trade under TWLVW. The units that remain unseparated will continue to trade as TWLVU. This separation is a key step for investors, allowing for more flexibility in their holdings.
Twelve Seas Investment Company II (Nasdaq: TWLVU) announced the closing of an additional issuance of 4,500,000 units, fully utilizing the underwriters' over-allotment option in its IPO. The units were sold at $10.00 each, yielding an extra $45 million and total gross proceeds of $345 million. Trading of units began on February 26, 2021, with each unit comprising one Class A common stock and a third of a redeemable warrant. Proceeds are largely placed in trust, and the offering was made through a prospectus filed with the SEC.