Tuscan Holdings Corp.
- SPAC General Info
- Target Info
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- OHCL / Momentum Chart
- Relative Strength Index
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Status : Announced
Sector : EV
Target : Microvast Inc
Trust account : $ 281.8 million
Underwriter : EarlyBirdCapital, I-Bankers
IPO : Mar. 05, 2019
Target Announced : Feb. 01, 2021
Merger Closed : n/a
Liquidation : Apr. 30, 2021
Chairman & CEO : Mr. Stephen A. Vogel
Pres, CFO & Director : Ms. Ruth Epstein
NAV : $ 10.00
Premium to NAV : 34%
Warrant Price : $ 3.91
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 1.90
Total Return : 37%
Annualized Return : 15%
Annualized Volatility : 60%
Sharpe Ratio : -0.19
Maximum Drawdown : 57%
Transaction Overview and Valuation
Equity Value at current $13.40 per share : $ 4.0 billion
Enterprise Value at $10 per share : $ 2.4 billion
Business Combination Proceeds : $ 281.8 million Cash in Trust + $ 540.0 million PIPE
2025E implied EV/Ebitda multiple of 5.16x
2025E implied EV/Revenue multiple of 1.02x
see Investor Presentation
EMA 10/20 (exponential moving average) - A weighted average of the last 10/20 prices, where the weighting decreases exponentially with each previous price/period. In other words, the formula gives recent prices more weight than past prices.
Boilinger Band - A band set at 2 standard deviations from a 20 day SMA (simple moving average). Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.
MACD (moving average convergence/divergence) - A popular indicator that is used to identify a security's trend. The MACD Line is the 10 day EMA less the 20 day EMA. Positive MACD indicated that upside momentum is increasing, while negative MACD means that downside momentum is incresing.
Signal Line - A 9 day EMA of MACD. A bullish crossover occurs when the MACD turns up and crosses above the Signal Line. A bearish crossover occurs when the MACD turns down and crosses below the Signal Line.
MACD Histogram - Measures the distance between MACD and Signal Line. It is an oscillator that fluctuates above and below the zero line. The MACD Histogram is positive when MACD is above its Signal Line. Positive values increase as MACD diverges further from its Signal Line (to the upside) and decrease as MACD and its Signal Line converge.