Twin Ridge Capital Acquisition Corp.
Cash in trust
$67.1M
$67,119,490
Trust per share
—
Redemption value
IPO
Mar 2021
$209M raised
Combination deadline
—
Not disclosed
Filings on record
139
Latest Feb 14, 2024
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Nov 30, 2022
- Closed
- Nov 13, 2023
Overview
Twin Ridge Capital Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001840353. It completed its initial public offering in Mar 2021, raising $209M in gross proceeds. The vehicle is sponsored by Twin Ridge through Twin Ridge Capital Sponsor, LLC. The mandate targets consumer. Business combination closed; the company trades under a new ticker.
“we intend to focus our search broadly within the consumer and distribution related and adjacent industries.”
Reading the filings
Arithmetic on what Twin Ridge Capital Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Warrant coverage
Each unit carried one-third warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
Barclays led the offering. It has been named on 53 SPAC IPOs, book-running 43 of them, and 62% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
139 filings in all. 4 in the last three months, against a busiest month of 25.
News on Twin Ridge Capital Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SC 13G/A
SC 13G/A
Accession 0001104659-24-024022
- SC 13G/A
SC 13G/A
Accession 0001104659-24-022812
- SC 13G/A
COWEN AND COMPANY, LLC
Accession 0001085146-24-000634
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001076809-23-000293
- 10-Q
Quarterly report
Accession 0001140361-23-054039
- NT 10-Q
Late quarterly report notification
Accession 0001140361-23-053499
- 15-12G
Deregistration of securities
Accession 0001140361-23-052786
- 25-NSE
Notification of delisting
Accession 0001143362-23-000485
- 425
Business-combination communication
Accession 0001140361-23-050508
- 425
Business-combination communication
Accession 0001140361-23-049959
- 425
Business-combination communication
Accession 0001140361-23-048874
- 425
Business-combination communication
Accession 0001140361-23-048703
- 425
Business-combination communication
Accession 0001140361-23-048358
- 425
Business-combination communication
Accession 0001140361-23-048357
- 425
Business-combination communication
Accession 0001140361-23-048356
- 425
Business-combination communication
Accession 0001140361-23-048222
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01 · Accession 0001140361-23-048221
- 425
Business-combination communication
Accession 0001140361-23-048185
- 425
Business-combination communication
Accession 0001140361-23-047601
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001140361-23-047599
- 425
Business-combination communication
Accession 0001140361-23-047596
- SC 13G/A
TRCA 13G/A
Accession 0001393825-23-000225
- 425
Business-combination communication
Accession 0001140361-23-047404
- 425
Business-combination communication
Accession 0001140361-23-047194
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 8.01, 9.01 · Accession 0001140361-23-047178
- DEFA14A
Additional proxy soliciting material
Accession 0001140361-23-047173
- 425
Business-combination communication
Accession 0001140361-23-047039
- 425
Business-combination communication
Accession 0001140361-23-046672
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001140361-23-046670
- 425
Business-combination communication
Accession 0001140361-23-046363
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Twin Ridge Capital Acquisition Corp.: questions answered
What is Twin Ridge Capital Acquisition Corp.?
Twin Ridge Capital Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001840353. It completed its initial public offering in Mar 2021, raising $209M in gross proceeds. The vehicle is sponsored by Twin Ridge through Twin Ridge Capital Sponsor, LLC. The mandate targets consumer. Business combination closed; the company trades under a new ticker.
How much does Twin Ridge Capital Acquisition Corp. hold in trust?
Approximately $67,119,490, 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.
When must Twin Ridge Capital Acquisition Corp. complete a merger?
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.
What happens if Twin Ridge Capital Acquisition Corp. does not find a target in time?
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.
Can I redeem shares in Twin Ridge Capital Acquisition Corp., and at what price?
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. 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.
Is the trust value the same as the share price for Twin Ridge Capital Acquisition Corp.?
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.
How much dilution do Twin Ridge Capital Acquisition Corp.'s founder shares and warrants create?
Each unit also carried one-third warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Twin Ridge Capital Acquisition Corp., and what is their track record?
Twin Ridge Capital Sponsor, LLC is the sponsor entity, part of the Twin Ridge franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Dale F. Morrison.
Which banks underwrote the Twin Ridge Capital Acquisition Corp. IPO?
Barclays, Evercore. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Twin Ridge Capital Acquisition Corp. a good investment?
That is not a question this site answers. Twin Ridge Capital Acquisition Corp. 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.
Where does this Twin Ridge Capital Acquisition Corp. data come from?
Filings Twin Ridge Capital Acquisition Corp. submitted to the SEC under CIK 0001840353: 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.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Twin Ridge: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Barclays in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Consumer SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.