Talon Capital, a blank check company led by the founder of CSL Capital Management targeting the energy sector, raised $225 million by offering 22.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Talon Capital is led by CEO and Chairman Charles Leykum, the founder of energy services-focused private equity firm CSL Capital Management. Prior to founding CSL, Leykum was a Portfolio Manager at Soros Fund Management. The SPAC plans to target the energy and power industries, focusing on businesses with substantial positive EBITDA and defensible market positions, among other characteristics.
Talon Capital plans to list on the Nasdaq under the symbol TLNCU. Cohen & Company Securities acted as sole bookrunner on the deal.
