Talon 1 Acquisition, a blank check company formed by AVi8 Air Capital targeting aerospace and aviation, raised $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.
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 plans to list on the Nasdaq under the symbol TOACU. Credit Suisse and Exos Securities acted as joint bookrunners on the deal.
