Titan Acquisition Corp Announces $240 Million IPO Pricing

Deal News | Apr 08, 2025 | EIN

Titan Acquisition Corp Announces $240 Million IPO Pricing

Titan Acquisition Corp, a blank check company based in the Cayman Islands, announced the pricing of its initial public offering, aiming to raise $240 million. Each unit, priced at $10.00, consists of one Class A ordinary share and one-half of one redeemable warrant, with trading expected to commence on Nasdaq under the ticker symbols TACHU, TACH, and TACHW. Cantor Fitzgerald & Co. serves as the sole book-running manager with Odeon Capital Group LLC as co-manager, while legal counsel is provided by Winston & Strawn LLP and Ellenoff Grossman & Schole LLP. The offering's closure is slated for April 10, 2025, contingent upon the standard closing conditions. The company aims to utilize the funds to execute mergers, share exchanges, asset acquisitions, or similar business combinations.

Sectors

  • Financial Services
  • Investment Banking
  • Legal Services

Geography

  • United States – The IPO is taking place on the Nasdaq Global Market, indicating a U.S. based listing.
  • Cayman Islands – Titan Acquisition Corp is incorporated in the Cayman Islands, and this jurisdiction is relevant to the company's registration and operational structure.

Industry

  • Financial Services – The article is focused on the Initial Public Offering (IPO) of Titan Acquisition Corp, primarily indicating financial activities and services characteristic of the financial sector.
  • Investment Banking – Cantor Fitzgerald & Co., an investment bank, is involved as the book-running manager in the IPO, highlighting the role of investment banking services.
  • Legal Services – Legal firms such as Winston & Strawn LLP and Ellenoff Grossman & Schole LLP are mentioned as providing legal counsel, indicating the involvement of legal advisory services.

Financials

  • 240,000,000 – The total amount that Titan Acquisition Corp aims to raise through its initial public offering.
  • 10.00 – The price per unit offered in Titan Acquisition Corp's IPO.
  • 24,000,000 – The number of units offered in Titan Acquisition Corp's IPO.
  • 3,600,000 – The additional units the underwriter has the option to purchase to cover over-allotments.

Participants

NameRoleTypeDescription
Titan Acquisition CorpTarget CompanyCompaniesA blank check company incorporated in the Cayman Islands, aiming to undergo a business combination.
Cantor Fitzgerald & Co.Book-running ManagerCompaniesAn investment bank managing the IPO process for Titan Acquisition Corp.
Odeon Capital Group LLCCo-managerCompaniesA co-manager of the IPO for Titan Acquisition Corp.
Winston & Strawn LLPLegal AdvisorCompaniesProviding legal counsel to Titan Acquisition Corp.
Ellenoff Grossman & Schole LLPLegal AdvisorCompaniesProviding legal counsel to Cantor Fitzgerald & Co.
Securities and Exchange Commission (SEC)Regulatory AuthorityGovernmentThe securities regulator where the registration statement related to the IPO is filed.