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TLG Acquisition One Corp. announced that starting March 22, 2021, holders of its 40 million initial public offering units can separately trade shares of Class A common stock and warrants. The Class A common stock will trade under the symbol 'TLGA', while warrants will trade under 'TLGA.WS'. Units that remain unseparated will continue trading under 'TLGA.U'. Holders must contact their brokers to separate the units. This press release does not constitute an offer to sell or solicit securities in any jurisdictions where such an offer would be illegal.
TLG Acquisition One Corp. announced the closing of its initial public offering (IPO), raising gross proceeds of $400 million. The Company sold 40 million units at $10.00 per unit, which included five million units due to the full exercise of the underwriter’s over-allotment option. Trading began on the NYSE under the ticker symbol TLGAU on January 28, 2021. Each unit comprises one share of Class A common stock and a third of a redeemable warrant, with the warrants exercisable at $11.50 per share. RBC Capital Markets LLC was the sole book-running manager for the offering.
TLG Acquisition One Corp. has priced its upsized initial public offering at $10.00 per unit, encompassing 35,000,000 units set to trade on the NYSE under the symbol TLGA.U starting January 28, 2021. Each unit includes one share of Class A common stock and one-third of a redeemable warrant. Whole warrants can be exercised at $11.50 per share. RBC Capital Markets LLC is the sole book-running manager, with an option for the underwriter to purchase an additional 5 million units. The SEC declared the registration statement effective on January 27, 2021.
