Talon Capital Corp. Successfully Completes $249 Million IPO
Talon Capital Corp.'s Initial Public Offering Overview
HOUSTON, TX — Talon Capital Corp. (the "Company"), a blank check entity formed to facilitate a merger, share exchange, asset acquisition, or similar business combination, has officially closed its initial public offering (IPO) of 24,900,000 units priced at $10.00 each. This successful offering saw total gross proceeds reach $249,000,000 prior to the deduction of underwriting fees and other associated costs.
Trading on the Nasdaq
The units commenced trading on the Nasdaq Global Market under the ticker symbol “TLNCU” just prior to the announcement. Each unit consists of one Class A ordinary share and one-third of one redeemable public warrant, with each full warrant offering the holder the option to purchase one Class A ordinary share at a price of $11.50 each. Once the trading of these securities begins separately, the Class A ordinary shares and warrants are anticipated to trade under the symbols “TLNC” and “TLNCW,” respectively.
Underwriter Details
Cohen & Company Capital Markets has taken on the role of lead book-running manager for this offering. This esteemed firm has facilitated numerous capital raises and has a proven track record in the market, aligning with Talon Capital Corp.'s strategic growth plans.
Offering and Prospectus Information
Investors should note that the public offering was conducted solely through a prospectus. Copies of the prospectus detailing this offering can be requested from Cohen and Company Capital Markets, located at 3 Columbus Circle, 24th Floor, New York, NY 10019. Queries can also be directed to their Prospectus Department via the email provided. This transparent approach ensures potential investors are well-informed about the offerings.
Future Prospects
With a registration statement on file, having gone effective just before the trading began, Talon Capital Corp. is well-positioned to pursue its objectives. The anticipation surrounding the net proceeds from this IPO is high, as they are expected to play a critical role in facilitating the proposed business combinations the Company aims to engage in.
Maintaining Open Communication
The management at Talon Capital Corp. is committed to maintaining clear communication with stakeholders as they embark on this new chapter. They encourage inquiries through their official email and website, ensuring that all stakeholders stay informed of future developments.
Contact Information
For any further questions, individuals can reach out to Talon Capital Corp. via the following options:
Website: www.Talon-Cap.com
Contact: Charles Leykum
Email: Charlie@talon-cap.com
Frequently Asked Questions
What is Talon Capital Corp.?
Talon Capital Corp. is a blank check company focused on merging with or acquiring businesses, providing strategic advantages in the market.
What is the purpose of the IPO?
The IPO aims to raise capital to fund potential merger opportunities and other strategic business combinations.
What does the ticker symbol TLNCU represent?
TLNCU is the ticker symbol for Talon Capital Corp.'s units, which include shares and warrants.
Who acted as the lead manager for the IPO?
Cohen & Company Capital Markets served as the lead book-running manager for the Talon Capital Corp. IPO.
Where can I find the prospectus for the offering?
Copies of the prospectus can be requested from Cohen and Company Capital Markets or by visiting their website.
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