other_material
confidence high
sentiment neutral
materiality 0.60
Talon Capital Corp. completes $249M IPO and $7.79M private placement
Talon Capital Corp.
- Sold 24.9M units at $10/unit, gross proceeds $249M; underwriters partially exercised over-allotment for 2.4M units.
- Private placement of 779,000 units to sponsor and underwriter rep generated $7.79M.
- $249M placed in trust account; $10.2M in deferred underwriting fees; audited balance sheet filed.
- Sponsor forfeited 325,000 founder shares due to partial over-allotment exercise; now holds 8.3M founder shares.
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