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REVERSE RECAPITALIZATION - Narrative (Details) | Jul. 23, 2021 USD ($) $ / shares shares
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Reverse Recapitalization [Line Items] |
Net proceeds | $ | $ 705,129,000
Cash held in Tuscan’s trust account | $ | 281,726,000
Transaction costs | $ | $ 58,175,000
Escrow shares (in shares) | 1,687,500
Reverse recapitalization, contingent consideration, cancellation period, escrow share percentage | 50.00%
Common Stock |
Reverse Recapitalization [Line Items] |
Reverse recapitalization, contingent consideration, shares (in shares) | 19,999,988
Reverse recapitalization, contingent consideration, earnout period, stock price trigger (in dollars per share) | $ / shares | $ 18.00
Reverse recapitalization, contingent consideration, earnout period, threshold trading days | 20 days
Reverse recapitalization, contingent consideration, earnout period, threshold trading day period | 30 days
Reverse recapitalization, exchange ratio | 160.3
Common Stock | Escrow Shares Tranche One |
Reverse Recapitalization [Line Items] |
Reverse recapitalization, contingent consideration, cancellation period, stock price trigger (in dollars per share) | $ / shares | $ 12.00
Common Stock | Escrow Shares Tranche Two |
Reverse Recapitalization [Line Items] |
Reverse recapitalization, contingent consideration, cancellation period, stock price trigger (in dollars per share) | $ / shares | $ 15.00
Microvast, Inc. (“Microvast”) | Common Stock |
Reverse Recapitalization [Line Items] |
Shares issued (in shares) | 209,999,991
Bridge Notes |
Reverse Recapitalization [Line Items] |
Outstanding promissory notes issued | $ | $ 57,500
Bridge Notes | Common Stock |
Reverse Recapitalization [Line Items] |
Shares issued (in shares) | 6,736,106
PIPE Investors | Common Stock |
Reverse Recapitalization [Line Items] |
Shares issued (in shares) | 48,250,000
Exercise price (in dollars per share) | $ / shares | $ 10.00
Sale of stock, consideration received on transaction | $ | $ 482,500,000
Sponsor |
Reverse Recapitalization [Line Items] |
Shares of common stock (in shares) | 150,000
Conversion of notes payable | $ | $ 1,500,000
Sponsor | Common Stock |
Reverse Recapitalization [Line Items] |
Shares of common stock (in shares) | 150,000
Class of warrant or right, number of securities called by warrants or rights (in shares) | 150,000
Warrant exercise price (in dollars per share) | $ / shares | $ 11.50
CL Investors | Common Stock |
Reverse Recapitalization [Line Items] |
Reverse recapitalization, contingent consideration exchange, shares (in shares) | 6,719,845
MPS Minority Investors | Common Stock |
Reverse Recapitalization [Line Items] |
Reverse recapitalization, contingent consideration exchange, shares (in shares) | 17,253,182
Tuscan Public Stockholders |
Reverse Recapitalization [Line Items] |
Transaction costs | $ | $ 922,000

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