Shearman & Sterling is advising Microvast Inc. on its business combination with special purpose acquisition vehicle (SPAC) Tuscan Holdings Corp., which reflects an implied equity value of the combined company of $3 billion.

Upon the closing of the transaction, the combined company will be named Microvast Holdings, Inc., and is expected to be listed on the Nasdaq Stock Market under the new ticker symbol “MVST.”

Based in Houston, Microvast is a leading global provider of next-generation battery technologies for commercial and specialty electric vehicles. 

The Shearman & Sterling team below also included associate Eugenio Zupo.

The Team