Titan's IPO Secures $276 Million in Initial Offering

Deal News | Apr 10, 2025 | EIN

Titan's IPO Secures $276 Million in Initial Offering

Titan Acquisition Corp, a Cayman Islands-based blank check company, has successfully closed its initial public offering (IPO) on Nasdaq, raising $276 million by selling 27,600,000 units at a price of $10 per unit. The IPO included the sale of an additional 3,600,000 units from the full exercise of the underwriters' over-allotment option. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with warrants priced at $11.50 per share. Post-separation, the shares and warrants will trade under the symbols TACH and TACHW, respectively. The IPO was managed solely by Cantor Fitzgerald & Co., with Odeon Capital Group LLC acting as co-manager. Titan aims to engage in mergers or similar business combinations with other entities in the near future.

Sectors

  • Finance
  • Investment

Geography

  • United States – The IPO was announced in Brooklyn, N.Y., and involves underwriters based in New York, with the securities trading on the Nasdaq Global Market.
  • Cayman Islands – Titan Acquisition Corp is incorporated as an exempted company under the laws of the Cayman Islands.

Industry

  • Finance – The article involves an initial public offering and mentions Cantor Fitzgerald & Co., a well-known financial services firm in investment banking.
  • Investment – Titan Acquisition Corp is a blank check company created with the intent to pursue mergers, acquisitions, or similar business combinations.

Financials

  • $276,000,000 – Gross proceeds from Titan Acquisition Corp's initial public offering, including the underwriters' over-allotment option.
  • $11.50 – Price at which each whole warrant allows the holder to purchase a Class A ordinary share.

Participants

NameRoleTypeDescription
Titan Acquisition CorpTarget CompanyCompanyA blank check company incorporated in the Cayman Islands aiming to engage in merger, share exchange, asset acquisition, share purchase, reorganization or similar business combinations.
Cantor Fitzgerald & Co.Lead UnderwriterCompanyA financial services firm based in New York, acting as the sole book-running manager for Titan's IPO.
Odeon Capital Group LLCCo-managerCompanyA financial services company functioning as the co-manager for Titan’s IPO.