Question 1

What is Thoma Bravo Advantage?

Accepted Answer

Thoma Bravo Advantage is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001832459. It completed its initial public offering in Jan 2021, raising $1.0B in gross proceeds. The vehicle is sponsored by Thoma Bravo through Thoma Bravo Advantage Sponsor LLC. The mandate targets technology. Business combination closed; the company trades under a new ticker.

Question 2

How much does Thoma Bravo Advantage hold in trust?

Accepted Answer

Approximately $1,000,011,490, or about $10.00 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

Question 3

When must Thoma Bravo Advantage complete a merger?

Accepted Answer

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

Question 4

What happens if Thoma Bravo Advantage does not find a target in time?

Accepted Answer

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Question 5

Can I redeem shares in Thoma Bravo Advantage, and at what price?

Accepted Answer

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.00 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

Question 6

Is the trust value the same as the share price for Thoma Bravo Advantage?

Accepted Answer

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

Question 7

Who sponsors Thoma Bravo Advantage, and what is their track record?

Accepted Answer

Thoma Bravo Advantage Sponsor LLC is the sponsor entity, part of the Thoma Bravo franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Robert Sayle.

Question 8

Which banks underwrote the Thoma Bravo Advantage IPO?

Accepted Answer

Citigroup, Deutsche Bank, Goldman Sachs, Credit Suisse, Academy Securities, Tigress Financial, Blaylock Van, Cabrera Capital Markets, Drexel Hamilton. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Question 9

Is Thoma Bravo Advantage a good investment?

Accepted Answer

That is not a question this site answers. Thoma Bravo Advantage is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Question 10

Where does this Thoma Bravo Advantage data come from?

Accepted Answer

Filings Thoma Bravo Advantage submitted to the SEC under CIK 0001832459: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

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