Talon Capital Corp. Announces Pricing of $225 Million Initial Public Offering

Rhea-AI Summary

Talon Capital Corp. (NASDAQ:TLNCU) has announced the pricing of its $225 million initial public offering, consisting of 22,500,000 units priced at $10.00 per unit. Each unit includes one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant allowing purchase of one Class A share at $11.50.

Trading will commence on September 9, 2025 under the symbol "TLNCU" on Nasdaq. Upon unit separation, shares and warrants will trade as "TLNC" and "TLNCW" respectively. The company, focusing on the energy and power industries, aims to pursue business combinations. Cohen & Company Capital Markets is serving as lead book-running manager, with a 45-day over-allotment option for 3,375,000 additional units.

Positive

• IPO successfully priced at $225 million, demonstrating strong initial market interest
• Strategic focus on energy and power sectors provides clear investment direction
• 45-day over-allotment option could increase total offering size by $33.75 million
• Partnership with established underwriter Cohen & Company Capital Markets

Negative

• No specific target business identified yet for combination
• Blank check company structure carries inherent investment risks
• Time-limited nature requires completing acquisition within specified period
• Potential dilution from warrant exercises at $11.50 per share

Insights

Financial Analyst

Talon Capital Corp. raises $225M through IPO priced at $10/unit, structured as a SPAC targeting energy and power sectors.

Talon Capital Corp. has priced its initial public offering at $10.00 per unit, raising $225 million by offering 22,500,000 units. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing purchase of one Class A share at $11.50. The units will trade on Nasdaq under "TLNCU" starting September 9, with shares and warrants eventually trading separately as "TLNC" and "TLNCW."

This is a Special Purpose Acquisition Company (SPAC) IPO, meaning Talon Capital has no commercial operations yet and was formed specifically to acquire an existing business. The company has indicated it will target opportunities in the energy and power industries, which represents a focused acquisition strategy in sectors currently experiencing significant transformation due to decarbonization efforts and energy transition dynamics.

The company has also granted underwriters a 45-day option to purchase up to 3,375,000 additional units to cover over-allotments, potentially increasing the total capital raised. Cohen & Company Capital Markets is serving as the lead book-running manager for the offering, which is expected to close on September 10.

For investors, this represents an opportunity to participate in what is essentially a publicly-traded acquisition fund with a specialized focus. The $10.00 unit price is standard for SPAC offerings, providing a clear entry point while the warrant structure offers potential upside if the eventual business combination creates value above the $11.50 exercise price.

HOUSTON, TX, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Talon Capital Corp. (the “Company”) announced the pricing of its initial public offering of 22,500,000 units at a price of $10.00 per unit on September 8, 2025. The units are expected to be listed for trading on the Nasdaq Stock Market LLC under the ticker symbol “TLNCU” beginning September 9, 2025. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the Nasdaq Stock Market LLC under the symbols “TLNC” and “TLNCW,” respectively. The offering is expected to close on September 10, 2025, subject to customary closing conditions.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but intends to focus on target businesses in the energy and power industries.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as lead book-running manager. The Company has granted the underwriters a 45-day option to purchase up to 3,375,000 additional units at the initial public offering price to cover over-allotments, if any.

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 Cohen & Company Capital Markets, 3 Columbus Circle, 24^th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

A registration statement relating to the securities became effective on September 8, 2025. 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.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. 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 preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at 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.

Contact

Talon Capital Corp.
www.Talon-Cap.com
Charles Leykum
Charlie@talon-cap.com

FAQ

What is the IPO price for Talon Capital Corp (TLNCU) and when does it start trading?

Talon Capital Corp's IPO is priced at $10.00 per unit and begins trading on September 9, 2025 on the Nasdaq under symbol TLNCU.

How much money is Talon Capital Corp (TLNCU) raising in its IPO?

Talon Capital Corp is raising $225 million through its IPO of 22,500,000 units, with potential additional proceeds of $33.75 million if the over-allotment option is exercised.

What does each Talon Capital Corp (TLNCU) IPO unit include?

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows purchase of one Class A share at $11.50.

What industries will Talon Capital Corp (TLNCU) target for acquisition?

Talon Capital Corp will focus on target businesses in the energy and power industries, though it may pursue opportunities in other sectors.

When will TLNCU units separate into shares and warrants?

After the units begin separate trading, shares and warrants will trade on Nasdaq under the symbols TLNC and TLNCW respectively.