Twelve Seas Investment Co II (TWLV) has released an update.
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In a strategic move within the financial market, Twelve Seas Investment Company II has amended its agreement with Crystal Lagoons and its Sponsor, adjusting the share forfeiture from 6,625,000 to 6,170,000 of its Class A common stock. This amendment also revises the Sponsor’s total pre-forfeiture holdings, reducing them from 8,625,000 to 8,225,000 shares, indicating a significant shift in share distribution for stakeholders and potential investors to consider.
For further insights into TWLV stock, check out TipRanks’ Stock Analysis page.
