Travel-focused SPAC Thayer Ventures Acquisition II (TVAIU) raised $175 million – as expected – by pricing its IPO on Wednesday night, May 14, 2025. The IPO consisted of 17.5 million units at $10.00 each. Each unit consists of one share of stock and one right to one-tenth (1/10th) of a share upon consummation of the initial business combination, Thayer Ventures Acquisition II said in the prospectus.
Thayer Ventures Acquisition II (TVAIU) was expected to start trading on NASDAQ today – Thursday, May 15, 2025.
Stifel served as the sole book-runner.
Mark E. Farrell, who served as the 44th mayor of San Francisco in 2018, has served as Thayer Ventures Acquisition II’s co-CEO, co-president and CFO since January 2025, the prospectus said.
“We intend to focus on businesses in industries that complement our management team’s background – focusing on the travel and transportation industries where our management has extensive investment experience,” Thayer Ventures Acquisition II said in the prospectus.
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