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Tuscan Holdings Corp. (THCB)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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10.51+0.07 (+0.67%)
At close: 4:00PM EDT
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  • m
    If the merger fails, will we be redeemed for $ 10?

    (10) business days thereafter, redeem 100% of the IPO Shares for cash for a redemption price per share equal to the amount then held in the Trust Account

  • c
    Green Day tomorrow for $RMO $QS $THCB
  • D
    Why wouldn't this be at 10... its a SPAC.

    When people are panicking you buy. Nobody is thinking rationally on SPACs.

    If this company IPOd it would be at $40...
  • A
    Why is this going down despite the extension vote passing?
  • J
    So the extensions was passed. Anything needed now to finally merge?
  • r
    Even if you have a great product/story, it's hard to swim upstream when the sector space you are in is rushing the other way. So it is probably good that the merger won't occur until June or even July at the latest. It might give time for all the Tech/EV sell off to finish and investors and speculators to jump back in.
  • K
    What time will we get the news today?
  • B
    Instead of "Green Day Tomorrow" junk feedback, does anyone have any real status on the merger, or will this fail?
  • j
    Today may be last chance to add at this discounted price pre merger. Just my opinion. Once complete, the news will trickle out. Then forget about it. I always use QS as an example. I know they’re way off their highs now. But business model doesn’t even compare to microvast. Keep your eyes on the Oshkosh investment. $$
  • C
    Crusher 4 U
    I will loose a lot if the merger don't happen...I am confident but a bit nervous.
  • A
    Here’s what’s going to happen. Monday extension will pass, USPS contract to be solidified in near future, govt to provide billions in funding to EV, Microvast will update on the Tennessee plant they’re building in 2022…. MVST will run hard at some point even if it dips. I plan to offload my options on the first pop next week hopefully and keep my shares long term.
  • A
    $15+ next week
  • D
    Shorts are covering before the Mondays opening. They know i'ts going to pop on Monday.
  • L
  • C
    its either 🚀 or 🚑 no inbetween now. im in. looking forward to seeing a happy crowd monday
  • A
    This paragraph is CRUCIAL. Essentially means that they can buy up the shares they need in order to make it pass.
    “ The Company is proposing the Adjournment Proposal to allow the Company to adjourn the annual meeting to a later date or dates to give the Company more time to effectuate the Extension for whatever reason, including to provide additional time to seek approval of the Extension Amendment Proposal. During any such adjournment, the Company’s officers, directors and initial stockholders may make purchases of public shares or other arrangements that would increase the likelihood of obtaining a favorable vote on the Extension Amendment Proposal and/or decrease the number of public shares seeking conversion in connection with the Extension Amendment Proposal.
    If the Adjournment Proposal is presented to the annual meeting and is not approved by the stockholders, the Company may not be able to adjourn the annual meeting to a later date or dates if necessary. In such event, the Extension may not be effectuated.
  • S
    Probably the best question to ask ourselves is what is the market cap post merger and what is P/S ?? If it's too out of whack then lower lows are coming
  • G
    Curious of your thoughts. in 2020, this thing wouldve run up big time pre-merger (I mean it did upon DA). Given the current market, I wonder 1) how high this will go upon merger 2) how/if this will drop post merger. on the one hand, it's only trading 20% above NAV so how much lowe could it go...but then look at most SPACs now I wouldn't be surprised if this runs up, then drops again to 10-12. I'm sure that's not a popular opinion but curious. my cost basis is 16 (fml) so I'm looking to maybe add to average down for the long term.
  • L
    original quorum was 65%, 53.47% were represented today. they have simply changed it to a majority by May 1st of 14th at latest. so it's essentially passed already at 53.47%
  • K
    Can we attend the shareholders meeting on the 10th?