Titan Acquisition, a blank check company targeting finance and tech-enabled services, filed on Monday with the SEC to raise up to $240 million in an initial public offering.
The Brooklyn, NY-based company plans to raise $240 million by offering 24 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Titan Acquisition is led by CEO and Chairman Frank Mastrangelo, whose current roles include founder and Managing Director of commerce and fintech-focused consulting firm Sapere Advisory, and CFO, President, and Director Adeel Rouf, who most recently served as an Investment Professional at Cohen and Company Asset Management. Mastrangelo and Rouf both previously held various roles with other SPACs. Titan Acquisition plans to target the finance and tech-enabled services industry.
The company was founded in 2024 and plans to list on the Nasdaq under the symbol TACHU. Cantor Fitzgerald is the sole bookrunner on the deal.
