Twelve Seas Investment Company II operates as a Special Purpose Acquisition Company, initially established to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more enterprises. Formed in 2020, the firm is based in Los Angeles, California. Following the termination of its planned business combination with Crystal Lagoons in May 2024, the company announced it would not pursue an alternative acquisition and commenced liquidation proceedings, redeeming its public shares and delisting its securities in June 2024.