Twelve Seas Investment terminates business combination with Crystal Lagoons
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2024
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Should l Buy TWLV?
Source: SeekingAlpha
- Termination of Merger Agreement: Twelve Seas Investment Company II announced the termination of its merger agreement with Crystal Lagoons U.S. Corp and others due to conditions not being met by May 31, 2024.
- No Alternative Business Combination: The company stated that it will not pursue an alternative business combination following the termination of the agreement.
- Financial Information: There is additional financial information available for Twelve Seas Investment Company II and its units.
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Analyst Views on TWLV
About TWLV
Twelve Seas Investment Company III is a blank check company. The Company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus businesses on oil and gas and others. The Company also intends to focus on wealth funds, family offices, international entrepreneurs or global industrial conglomerates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Twelve Seas Investment Company II Announces Termination of its Business Combination Agreement with Crystal Lagoons, Expected Filing of Form 25 and Final Redemption Amount
- Termination of Merger Agreement: Crystal Lagoons terminated the Agreement and Plan of Merger with Twelve Seas Investment Company II due to unmet conditions by May 31, 2024.
- Final Redemption Amount: Public stockholders received $10.64 per share instead of the previously reported $10.558; securities were delisted on June 20, 2024.
- Market Actions: Nasdaq Stock Market LLC expected to file a Form 25 with the SEC on June 28, 2024; Twelve Seas Investment Company II plans to file a Form 15 to suspend reporting obligations.
- About Twelve Seas Investment Company II: It is a blank check company organized for business combinations globally, focusing on companies outside the U.S., particularly in the Pan-Eurasian region.
- Contact Information: Dimitri Elkin can be reached at delkin@twelveseascapital.com for further inquiries.
See More
Twelve Seas Investment terminates business combination with Crystal Lagoons
- Termination of Merger Agreement: Twelve Seas Investment Company II announced the termination of its merger agreement with Crystal Lagoons U.S. Corp and others due to conditions not being met by May 31, 2024.
- No Alternative Business Combination: The company stated that it will not pursue an alternative business combination following the termination of the agreement.
- Financial Information: There is additional financial information available for Twelve Seas Investment Company II and its units.
See More
Twelve Seas Investment Company II Announces Third Extension Not to be Implemented and Company to Liquidate
See More
Twelve Seas Investment Company II Announces Termination of its Business Combination Agreement with Crystal Lagoons, Expected Filing of Form 25 and Final Redemption Amount
- Termination of Merger Agreement: Crystal Lagoons terminated the Agreement and Plan of Merger with Twelve Seas Investment Company II due to unmet conditions by May 31, 2024.
- Final Redemption Amount: Public stockholders received $10.64 per share instead of the previously reported $10.558; securities were delisted on June 20, 2024.
- Market Actions: Nasdaq Stock Market LLC expected to file a Form 25 with the SEC on June 28, 2024; Twelve Seas Investment Company II plans to file a Form 15 to suspend reporting obligations.
- About Twelve Seas Investment Company II: It is a blank check company organized for business combinations globally, focusing on companies outside the U.S., particularly in the Pan-Eurasian region.
- Contact Information: Dimitri Elkin can be reached at delkin@twelveseascapital.com for further inquiries.
See More
Twelve Seas Investment terminates business combination with Crystal Lagoons
- Termination of Merger Agreement: Twelve Seas Investment Company II announced the termination of its merger agreement with Crystal Lagoons U.S. Corp and others due to conditions not being met by May 31, 2024.
- No Alternative Business Combination: The company stated that it will not pursue an alternative business combination following the termination of the agreement.
- Financial Information: There is additional financial information available for Twelve Seas Investment Company II and its units.
See More
Twelve Seas Investment Company II Announces Third Extension Not to be Implemented and Company to Liquidate
See More
