Thayer Ventures Acquisition Corporation II (NASDAQ:TVAIU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TVAIU”, Thursday, May 15, 2025.
The new SPAC aims to combine with a target company in the travel and hospitality industries, where it believes the expertise of its management team will provide it with a competitive advantage in completing a successful initial business combination.
Thayer Ventures II Acquisition Corp. is led by Co-Chief Executive Officer, Co-President and Secretary Christopher Hemmeter, Co-Chief Executive Officer, C0-President and Chief Financial Officer Mark E. Farrell. H. Charles Floyd, Ren Riley, Caroline Shin, R. David Edelman, and Robert Ghoorah are to serve as independent directors.
Total SPAC deal count for 2025 year-to-date is now 41. This offering is expected to close on Friday, May 16, 2025.
Stifel, Nicolaus & Company, Incorporated is acting as sole book-running manager for the offering. Cooley LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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