Two

closedU=S+W/4W=S@10.00
TWOASEC EDGARCIK: 0001843988|two

Capital Structure & Economics

Trust Size$200,000,000
Unit Price$10.00
Warrant Coverage1/4
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

25% Warrant Inclusion
Public Trust Allocation$200,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedMar 2, 2021
Target AnnouncedAug 15, 2023
Maturation Wall
Jul 1, 2024

Announced Target / M&A

  • Target CompanyLLP
  • Announced Deal Size$286,000,000
  • Announcement Date2023-08-15

Board & Officers

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction