TLG Acquisition One today set a July 25 meeting for shareholders to vote on its proposed merger with Electriq Power, following SEC approval of the registration statement on the deal.
Founded in 2014 in Silicon Valley, the target is a provider of residential energy storage solutions.
Stockholders of record at the close of business June 8 are eligible to vote.
Announced in November, the transaction values Electriq at a pro forma pre-money equity value of $495 million and is expected to provide Electriq with up to $125 million of capital to fund its growth through a combination of debt and equity. Read more.
