TLG Acquisition One Corp. Announces Closing of Upsized $400 Million Initial Public Offering
February 01 2021 - 3:05PM
Business Wire
TLG Acquisition One Corp. (the “Company”) today announced the
closing of its initial public offering (“IPO”) in which it raised
gross proceeds of $400 million.
The Company sold 40 million units at $10.00 per unit in the IPO,
which includes five million units issued pursuant to the
underwriter’s exercise of its over-allotment option in full. The
Company’s units began trading on The New York Stock Exchange
(“NYSE”) under the ticker symbol “TLGAU” on January 28, 2021. Each
unit consists of one share of the Company’s Class A common stock
and one-third of one redeemable warrant of the Company. Each whole
warrant is exercisable to purchase one share of the Company’s Class
A common stock at a price of $11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units begin
separate trading, the Class A common stock and warrants are
expected to be listed on NYSE under the symbols “TLGA” and
“TLGA.WS,” respectively.
RBC Capital Markets LLC served as sole book-running manager for
the offering.
The public offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the offering
may be obtained from: RBC Capital Markets, LLC, Attention: Equity
Capital Markets, 200 Vesey Street, New York, NY 10281, by telephone
at 877-822-4089 or by email at equityprospectus@rbccm.com.
Registration statements relating to the securities were declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on January 27, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About TLG Acquisition One Corp.
TLG Acquisition One Corp. is a special purpose acquisition
company formed by The Lawrie Group, for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an initial business
combination target in any business or industry, it expects to focus
its search on acquiring an operating company or business in the
information technology, healthcare, business services or financial
services sectors.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds thereof. No assurance can be
given that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and prospectus for the Company’s
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210201005883/en/
TLG Acquisition One Corp. Mike Lawrie Telephone: 561-945-8340
mikelawrie@tlgholding.com
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