Titan Acquisition Corp Announces Closing of $276,000,000 Initial Public Offering
Titan Acquisition Corp (Nasdaq: TACHU) has successfully closed its initial public offering (IPO), raising $276 million in gross proceeds. The company offered 27.6 million units at $10.00 per unit, including 3.6 million units from the fully exercised underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50. The units trade on Nasdaq under 'TACHU', while the separated securities will trade under 'TACH' and 'TACHW'.
The blank check company, incorporated in the Cayman Islands, aims to pursue a business combination with one or more entities. Cantor Fitzgerald & Co. served as the sole book-running manager, with Odeon Capital Group as co-manager.
Titan Acquisition Corp (Nasdaq: TACHU) ha concluso con successo la sua offerta pubblica iniziale (IPO), raccogliendo 276 milioni di dollari in proventi lordi. L'azienda ha offerto 27,6 milioni di unità a 10,00 dollari per unità, inclusi 3,6 milioni di unità dall'opzione di sovrallocazione completamente esercitata dai sottoscrittori.
Ogni unità comprende una azione ordinaria di Classe A e metà di un warrant rimborsabile, con ogni warrant intero che consente l'acquisto di un'azione ordinaria di Classe A a 11,50 dollari. Le unità vengono scambiate su Nasdaq con il simbolo 'TACHU', mentre i titoli separati verranno scambiati con 'TACH' e 'TACHW'.
La società di assegni in bianco, incorporata nelle Isole Cayman, mira a perseguire una combinazione aziendale con una o più entità. Cantor Fitzgerald & Co. ha svolto il ruolo di unico manager di book-running, con Odeon Capital Group come co-manager.
Titan Acquisition Corp (Nasdaq: TACHU) ha cerrado con éxito su oferta pública inicial (IPO), recaudando 276 millones de dólares en ingresos brutos. La compañía ofreció 27,6 millones de unidades a 10,00 dólares por unidad, incluyendo 3,6 millones de unidades de la opción de sobreasignación completamente ejercida por los suscriptores.
Cada unidad comprende una acción ordinaria de Clase A y media de un warrant redimible, con cada warrant entero permitiendo la compra de una acción ordinaria de Clase A a 11,50 dólares. Las unidades se negocian en Nasdaq bajo el símbolo 'TACHU', mientras que los valores separados se negociarán bajo 'TACH' y 'TACHW'.
La compañía de cheques en blanco, incorporada en las Islas Caimán, tiene como objetivo perseguir una combinación empresarial con una o más entidades. Cantor Fitzgerald & Co. actuó como el único gerente de book-running, con Odeon Capital Group como co-gerente.
Titan Acquisition Corp (Nasdaq: TACHU)는 성공적으로 초기 공모를 마감하고 2억 7천6백만 달러의 총 수익을 올렸습니다. 이 회사는 2천7백6십만 개의 유닛을 10.00 달러에 제공했으며, 여기에는 전액 행사된 인수자 초과 배정 옵션으로부터의 3.6백만 개의 유닛이 포함됩니다.
각 유닛은 A 클래스 보통주 1주와 환매 가능한 워런트의 절반으로 구성되며, 각 전체 워런트는 11.50 달러에 A 클래스 보통주 1주를 구매할 수 있게 합니다. 유닛은 'TACHU'라는 이름으로 나스닥에서 거래되며, 분리된 증권은 'TACH' 및 'TACHW'라는 이름으로 거래됩니다.
케이맨 제도에 설립된 이 빈 체크 회사는 하나 이상의 기업과의 비즈니스 조합을 추구하는 것을 목표로 하고 있습니다. Cantor Fitzgerald & Co.는 단독 북런닝 매니저로 활동했으며, Odeon Capital Group은 공동 매니저로 참여했습니다.
Titan Acquisition Corp (Nasdaq: TACHU) a réussi à clôturer son introduction en bourse (IPO), levant 276 millions de dollars de produits bruts. La société a proposé 27,6 millions d'unités à 10,00 dollars par unité, y compris 3,6 millions d'unités provenant de l'option de surallocation entièrement exercée par les souscripteurs.
Chaque unité comprend une action ordinaire de Classe A et une demi-option de rachat, chaque option entière permettant l'achat d'une action ordinaire de Classe A à 11,50 dollars. Les unités se négocient sur le Nasdaq sous le symbole 'TACHU', tandis que les titres séparés se négocieront sous 'TACH' et 'TACHW'.
La société d'actions sans valeur, incorporée aux îles Caïmans, vise à poursuivre une combinaison d'affaires avec une ou plusieurs entités. Cantor Fitzgerald & Co. a agi en tant que seul gestionnaire de book-running, avec Odeon Capital Group comme co-gestionnaire.
Titan Acquisition Corp (Nasdaq: TACHU) hat erfolgreich sein erstes öffentliches Angebot (IPO) abgeschlossen und 276 Millionen Dollar an Bruttoerlösen erzielt. Das Unternehmen bot 27,6 Millionen Einheiten zu einem Preis von 10,00 Dollar pro Einheit an, einschließlich 3,6 Millionen Einheiten aus der vollständig ausgeübten Überzeichnungsoption der Underwriter.
Jede Einheit besteht aus einer Stammaktie der Klasse A und einem halben rückzahlbaren Warrant, wobei jeder ganze Warrant den Kauf einer Stammaktie der Klasse A zu 11,50 Dollar ermöglicht. Die Einheiten werden an der Nasdaq unter 'TACHU' gehandelt, während die separaten Wertpapiere unter 'TACH' und 'TACHW' gehandelt werden.
Das Blankoscheck-Unternehmen, das auf den Kaimaninseln gegründet wurde, hat das Ziel, eine Unternehmenszusammenführung mit einer oder mehreren Einheiten zu verfolgen. Cantor Fitzgerald & Co. fungierte als alleiniger Book-Running-Manager, während Odeon Capital Group als Co-Manager tätig war.
- Successfully raised $276 million in gross proceeds
- Full exercise of over-allotment option indicates strong demand
- Listed on major exchange (Nasdaq Global Market)
- No specific acquisition target identified yet
- Investors face uncertainty until business combination is completed
Insights
Titan Acquisition Corp's
The standard
While the offering size positions Titan in the mid-tier SPAC category, the absence of a disclosed target industry or sector creates an interesting dynamic. Without a defined acquisition focus, Titan maintains maximum flexibility but faces the challenge of competing against sector-specific SPACs that may offer strategic advantages to potential acquisition targets.
For investors considering entry post-IPO, it's worth noting the typical two-year timeframe SPACs have to complete acquisitions before potentially returning capital. The undisclosed management team expertise beyond CFO Adeel Rouf represents a significant information gap for evaluating Titan's prospects compared to the hundreds of SPACs currently seeking acquisition targets.
This IPO demonstrates continued institutional appetite for SPAC structures despite the overall market moderation, suggesting selective capital deployment opportunities remain for well-positioned blank check companies.
BROOKLYN, N.Y., April 10, 2025 (GLOBE NEWSWIRE) -- Titan Acquisition Corp (Nasdaq: TACHU) (the “Company”) today announced that it closed its initial public offering of 27,600,000 units at
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of
The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Cantor Fitzgerald & Co. acted as the sole book-running manager in the offering. Odeon Capital Group LLC acted as co-manager of the offering.
The offering was made only by means of a prospectus, copies of which may be obtained from Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022; Email: prospectus@cantor.com, or from the SEC website at www.sec.gov.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on April 8, 2025.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov.
Contact:
Titan Acquisition Corp
Mr. Adeel Rouf
Chief Financial Officer, President and Director
131 Concord Street
Brooklyn, NY 11201
Email: adeel@Titan-spac.com
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