Twelve Seas Investment Company III (TWLVU) Prices $150M IPO
Twelve Seas Investment Company III (NASDAQ:TWLVU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TWLVU”, Friday, December 12, 2025.
The new SPAC intends to focus its search on global companies located outside the United States, with an emphasis on established profitable enterprises in oil and gas and other sectors which it believes are proven.
Twelve Seas Investment Company III is to be led by Chief Executive Officer Dimitri Elkin, Chief Financial Officer Jonathan Morris and Chairman Julian Vickers. Bob Foresman, Olga Klimova and Greg Nelson will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 135. This offering is expected to close on Monday, December 15, 2025.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
