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REVERSE RECAPITALIZATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Reverse Recapitalization [Abstract] |
Schedule of Ownership Interests of the Company’s Stockholders | As of the Closing Date and following the completion of the Merger, the ownership interests of the Company’s stockholders were as follows:
| Shares
Existing Microvast Equity Holders(a) | 209,999,991 |
Existing Microvast Bridge Notes Holders | 6,736,106 |
Tuscan public stockholders | 27,493,140 |
Sponsor Group(b)(c) | 7,608,589 |
EarlyBirdCapital | 428,411 |
PIPE investors immediately after Merger | 48,250,000 |
Common Stock | 300,516,237 |
(a) | Excludes the Earn-Out Shares, but is inclusive of the shares being issued pursuant to the Framework Agreement to the CL Investors and MPS minority investors.
(b) | The Sponsor Group includes Common Stock owned by the Sponsor, Stefan M. Selig, Richard O. Rieger and Amy Butte.
(c) | Includes 1,687,500 shares that may be subject to cancellation in accordance with the amended escrow agreement.

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