Titan Acquisition Corp closes $276M IPO; $277.4M in trust for business combination

Titan Acquisition Corp.

Sold 27.6M units at $10.00/unit (including full 3.6M over-allotment); gross proceeds $276M.
Net proceeds of $277.38M deposited in trust account; funds locked until business combination or redemption.
Sponsor bought 5.71M private placement warrants at $1.00/each; underwriters bought 2.4M warrants at $1.00/each.
Company has 24 months from IPO close to complete initial business combination or face redemption.
Units trade on Nasdaq under TACHU; Class A shares (TACH) and warrants (TACHW) to trade separately later.

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