Tyfon Releases Investor Webcast Outlining $434M Business Combination with Global Technology I

Tyfon Culture Holdings Limited, an offline to online (“O2O”) Chinese art marketplace, today announced the release of an investor webcast relating to its proposed business combination with Global Technology Acquisition I.

The deal was announced earlier this month at a post-transaction enterprise value of $434 million.

If approved, the merger is expected to close in the second half of 2024 and Tyfon Culture will list on the Nasdaq under the ticker symbol TFCI.

The $428 million pre-money equity value for Tyfon assumes there would be 57% redemptions by the SPAC’s public shareholders and an anticipated $10 million PIPE investment. 

The investor webcast can be accessed on the respective GTAC and Tyfon websites at https://www.globaltechnologyacquisitioncorp.com/webcast and https://ir.tyfon.com.cn/events_calendar_content.

Tyfon’s proprietary business model combines the benefits of in-person art experiences and exhibitions with an innovative online marketplace that offers greater transaction efficiencies, authentication, traceability, and data repository. Read more.

Total
0
Shares
Related Posts