Talon 1 Acquisition registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
The new SPAC will seek acquisition opportunities in the global aerospace, aviation, and aviation services industries.
Talon 1 is led by CEO and Executive Chairman Edward J. Wegel, co-founder andpPresident of AVi8, an aircraft leasing and aviation design company. Wegel also served as a consultant for Credit Suisse until October 2020, where he advised on the development of a new aircraft leasing platform, having assumed that role in June 2018.
Credit Suisse and Exos are managing the offering. The underwriters have an option to purchase up to an additional 3 million units to cover any over-allotments.
The SPAC intends to apply for Nasdaq listing under TOAC.U. Read more.
