Talon Capital sponsor transfers 20K founder shares
Sponsor Talon Capital Sponsor LLC transferred 20,000 founder shares while remaining holder of 8,240,000 Class B shares tied to Talon Capital Corp.’s future business combination.
Rhea-AI Filing Summary
Talon Capital Corp. (TLNC) reported that its major shareholder, Talon Capital Sponsor LLC, recorded an "other" disposition involving 20,000 Class B ordinary (founder) shares on September 11, 2026. The sponsor's holdings after the transaction are 8,240,000 Class B ordinary shares, which are automatically convertible into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option.
The founder shares are held by the sponsor under a subscription agreement with Talon Capital Corp. Charles Leykum, the company’s Chairman and Chief Executive Officer, may be deemed to beneficially own the shares held by the sponsor through his control relationships, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B ordinary shares F1, F2, F3 | 20,000 | $0.003 | $60.00 |
Footnotes (3)
- F1. As described in the Issuer's registration statement on Form S-1 (File No. 333-289674) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- F2. On September 11, 2026, the Sponsor transferred 20,000 founder shares to Ms. Ivashina at a purchase price of approximately $0.003 per share.
- F3. These Class B ordinary shares are held by Talon Capital Sponsor LLC (the "Sponsor") and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. Charles Leykum, the Issuer's Chairman and Chief Executive Officer, is the sole managing member of Talon Capital Holdings LLC, which is the sole managing member of the Sponsor. Accordingly, all shares held by the Sponsor may be deemed to be beneficially owned by Mr. Leykum. Mr. Leykum disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
beneficially owned financial
pecuniary interest financial
FAQ
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What insider transaction did Talon Capital Sponsor LLC report for TLNC on September 11, 2026?
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