Talon 1 Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

Rhea-AI Summary

Talon 1 Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, aiming to raise $200 million by offering 20,000,000 units. The units, each comprising one Class A ordinary share and a half warrant, will trade under the ticker symbol TOACU on Nasdaq starting November 4, 2021. The offering is expected to close on November 8, 2021, contingent upon standard closing conditions. This blank check company intends to focus on mergers in the aerospace and aviation sectors. Underwriters have an option to purchase an additional 3,000,000 units.

Positive

• IPO priced at $10.00, raising $200 million, demonstrating strong market interest.
• Focus on mergers in high-potential aerospace and aviation sectors may lead to significant future growth.

Negative

• Dependence on market conditions for successful completion of IPO and future transactions.
• Potential integration challenges post-merger could pose risks to shareholder value.

CORAL GABLES, Fla., Nov. 3, 2021 /PRNewswire/ -- Talon 1 Acquisition Corp. (the "Company") announced today that it priced its initial public offering of 20,000,000 units, at $10.00 per unit. The units will be listed on the Nasdaq Global Market ("Nasdaq") and will begin trading tomorrow, Thursday, November 4, 2021, under the ticker symbol "TOACU." Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "TOAC" and "TOACW," respectively.

The offering is expected to close on November 8, 2021, subject to customary closing conditions.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the global aerospace, aviation and aviation services industries. The Company is led by its Chief Executive Officer, Edward J. Wegel.

Credit Suisse Securities (USA) LLC and Exos Securities LLC (the "Underwriters") are acting as joint bookrunners of the offering. The Company has granted the Underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Credit Suisse Securities (USA) LLC at Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone at 1-800-221-1037 or by email at email: usa.prospectus@credit-suisse.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission ("SEC").  Such registration statement was declared effective by the SEC on November 3, 2021.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an 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 contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above or the transactions contemplated thereby will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as anticipated. 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 Company's registration statement and preliminary prospectus for the offering filed with the Securities Exchange Commission (SEC). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

info@talonacquisition.com

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SOURCE Talon 1 Acquisition Corp.

FAQ

What is the price and amount of the IPO for Talon 1 Acquisition Corp.?

Talon 1 Acquisition Corp. priced its IPO at $10.00 per unit, aiming to raise $200 million.

When will the Talon 1 Acquisition Corp. IPO begin trading?

The IPO will begin trading on Nasdaq under the ticker symbol TOACU starting November 4, 2021.

What is included in each unit of Talon 1 Acquisition Corp.'s IPO?

Each unit consists of one Class A ordinary share and one-half of a redeemable warrant.

What is the significance of the 45-day option granted to underwriters?

Underwriters have a 45-day option to purchase an additional 3,000,000 units to cover over-allotments.

What sectors does Talon 1 Acquisition Corp. focus on for potential mergers?

The company intends to focus on the aerospace, aviation, and aviation services industries.

What are the risks associated with Talon 1 Acquisition Corp.'s IPO?

Risks include dependence on market conditions and potential integration challenges after mergers.