Talon 1 Acquisition priced its IPO of 20 million units at $10 each. Units begin trading today on the Nasdaq under TOACU. Each consists of one Class A ordinary share and one-half of a warrant. Once the securities begin separate trading, shares and warrants are expected to list under TOAC and TOACW.
The offering is expected to close Nov. 8.
Talon 1 intends to focus its search on companies in the global aerospace, aviation and aviation services industries.
Credit Suisse and Exos are joint bookrunners of the offering. The underwriters have the option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
