Monroe Capital LLC announced it co-sponsored Thunder Bridge Acquisition, Ltd., a special purpose acquisition company (SPAC), and entered into a forward purchase contract with Thunder Bridge.
Thunder Bridge, which intends to focus its search on companies in the financial technology sector, generated total gross proceeds of $258,000,000 from the initial public offering as well as the exercise of the over-allotment option. The company’s units began trading on the Nasdaq Capital Market under the ticker symbol “TBRGU” on June 19, 2018.