Welcome to our dedicated page for Zalatoris Acquisition news (Ticker: TCOA), a resource for investors and traders seeking the latest updates and insights on Zalatoris Acquisition stock.
Zalatoris Acquisition Corp. (NYSE: TCOA), formerly known as Trajectory Alpha Acquisition Corp., is a blank check company incorporated in Delaware. Its primary purpose is to engage in a business combination with one or more businesses or entities across various sectors such as eCommerce, FinTech, Big Data & Analytics, and Robotic Process Automation.
Recent Developments: On September 11, 2023, Zalatoris announced a business combination agreement with Anteco Systems, S.L. ("AnyTech365"), a leader in AI-powered IT security. The transaction is expected to close in the first quarter of 2024, pending regulatory approvals and other customary closing conditions.
About AnyTech365: Established in 2014 and headquartered in Marbella, Spain, AnyTech365 provides advanced IT security solutions powered by artificial intelligence (AI). Their flagship product, AnyTech365 IntelliGuard, is a comprehensive AI-driven threat prevention and performance enhancement software. The company operates on a subscription-based model, offering Software as a Service (SaaS) that protects a variety of internet-connected devices, including PCs, laptops, tablets, smartphones, smart TVs, and IoT devices.
AnyTech365's solutions ensure round-the-clock access to certified experts proficient in Android, iOS, and Windows, and fluent in over twenty languages. The company has received multiple accolades and was ranked the 27th fastest-growing company in Europe by the Financial Times in 2019.
Strategic Initiatives: AnyTech365 aims to use the funds from the transaction to expand its strategic partnerships, such as the one with MediaMarkt, and to enhance its direct and online marketing activities. The company is also focused on further implementing AI and developing new software solutions. Additionally, AnyTech365 is looking to pursue strategic acquisitions to broaden its market reach.
Management Insights: Janus R. Nielsen, Founder of AnyTech365, expressed enthusiasm about the merger with Zalatoris, citing the bright outlook for the company and its unique position in the fast-growing IT security sector. Paul Davis, CEO of Zalatoris, echoed these sentiments, emphasizing the potential for growth and expansion in the European market through the partnership with AnyTech365.
Legal and Financial Advisors: Cuatrecasas Gonçalves Pereira, S.L.P. is serving as legal counsel to AnyTech365, while Nelson Mullins Riley & Scarborough LLP is advising Zalatoris in the transaction.
Zalatoris Acquisition Corp. aims to capitalize on emerging technologies and innovations, positioning itself as a key player in the business combination market.
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) was notified by the New York Stock Exchange on January 12, 2023, of non-compliance concerning the minimum requirement of 300 public stockholders. This notification does not impact the Company’s business operations. TCOA has 45 days to outline a plan to rectify this situation within 18 months, during which its stock will continue to trade on the NYSE. The Company anticipates reaching the required number of stockholders post its initial business combination. Despite this issue, the notification does not affect TCOA's SEC reporting obligations.
Trajectory Alpha Acquisition Corp. announced that starting January 31, 2022, holders of its 17,250,000 initial public offering units can trade shares of Class A common stock and public warrants separately. The shares will trade under the symbols TCOA for common stock and TCOA WS for public warrants on the New York Stock Exchange. Units that remain unchanged will continue trading under the symbol TCOA.U. This process does not involve fractional public warrants, only whole warrants will be available for trade.
Trajectory Alpha Acquisition Corp. announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 each, targeting $150 million. Trading on the New York Stock Exchange under the ticker symbol TCOA.U is set to begin on December 10, 2021. Each unit includes one share of Class A common stock and one-half of one public warrant. The management team, with over 80 years of experience, aims to acquire a disruptive technology-driven business. The offering is expected to close on December 14, 2021, with underwriters granted a 45-day option for additional units.
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