TLGAU - TLGAU STOCK NEWS

TLG Acquisition One Corp. (NYSE: TLGA) is actively seeking potential target companies for its first business combination. The company operates as a special purpose acquisition company formed by The Lawrie Group, focusing on mergers and similar business transactions. No specific targets or timelines were detailed in the announcement.

TLG Acquisition One Corp. announced that starting March 22, 2021, holders of its 40 million initial public offering units can separately trade shares of Class A common stock and warrants. The Class A common stock will trade under the symbol 'TLGA', while warrants will trade under 'TLGA.WS'. Units that remain unseparated will continue trading under 'TLGA.U'. Holders must contact their brokers to separate the units. This press release does not constitute an offer to sell or solicit securities in any jurisdictions where such an offer would be illegal.

TLG Acquisition One Corp. announced the closing of its initial public offering (IPO), raising gross proceeds of $400 million. The Company sold 40 million units at $10.00 per unit, which included five million units due to the full exercise of the underwriter’s over-allotment option. Trading began on the NYSE under the ticker symbol TLGAU on January 28, 2021. Each unit comprises one share of Class A common stock and a third of a redeemable warrant, with the warrants exercisable at $11.50 per share. RBC Capital Markets LLC was the sole book-running manager for the offering.