Talon 1 Acquisition, a blank check company formed by AVi8 Air Capital targeting aerospace and aviation, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The Coral Gables, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Talon 1 Acquisition would command a market value of $250 million.
The company is led by CEO and Chairman Edward Wegel, co-founder and President of AVi8 Air Capital, a commercial aviation strategic consulting firm that provides services to airlines and aviation support companies, and a former Consultant for Credit Suisse. The company plans to leverage management's experience and target the global aerospace, aviation, or aviation services industries.
Talon 1 Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol TOAC.U. Credit Suisse and Exos Securities are the joint bookrunners on the deal.
