The Microvast SPAC merger will create a combined company that will be valued at $3 billion, according to … THCB stock is rallying Wednesday ahead of the Microvast SPAC merger. We're asking that question today as Microvast approaches a SPAC merger with Tuscan Holdings (NYSE: THCB). It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with businesses and entities. The company was founded in 2018 and is based in New York, New York. Find the latest Tuscan Holdings Corp. (THCB) stock quote, history, news and other vital information to help you with your stock trading and investing. The stock closed at $15.66 on Jan. 29 after rising 2.4 percent that day. They typically extend these things several months, even if it is not needed. About THCB. Tuscan Holdings Corp. (NASDAQ:THCB) trade information. Old old news. (RTTNews) - Shares of special purpose acquisition company, Tuscan Holdings Corp. (THCB) are rising more than 32% Monday morning after the … Tuscan Holdings (NASDAQ:THCB) is still waiting for the Microvast SPAC merger to close, but that is not stopping THCB stock from gaining. This is so they don’t keep going back for 15-30 day extensions. For the 100th time.. it does not mean the merger will be in April. Despite being -2.46% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Feb 02 when the THCB stock price touched $23.76- or saw a rise of 9.51%. Tuscan Holdings (NASDAQ: THCB), a special purpose acquisition company (SPAC) with an agreed merger with Microvast, a battery storage company, looks undervalued here. The global electric vehicle market is expected to … ET on InvestorPlace.com THCB Stock: Why Tuscan Holdings Is … It also looks like QuantumScape is boosting its appeal.More From InvestorPlace Why … Tuscan Holdings does not have significant operations. They can finish it anywhere between Dec-April. THCB stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Alyeska Investment Group L.P., Alyeska Investment Group L.P., Janney Montgomery Scott LLC, Wells Fargo & Company MN, Virtu Financial LLC, LPL Financial LLC, and Cetera Advisor Networks LLC. Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs Dec. 11, 2020 at 1:51 p.m. THCB stock is trading at a 57 percent premium to its IPO price of $10, with no merger announcement.