TLG Acquisition One Corp. (TLGA.U) Prices Upsized $350M IPO

TLG Acquisition One Corp. announced the pricing of its upsized $350 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “TLGA.U” Thursday, January 28.

The new company aims to combine with a business in the  information technology (IT), healthcare, business services, or financial services sectors with strong ESG principles. TLG is led by CEO, President and Chairman John Michael Lawrie alongside CFO David Johnson and Chief Development Officer Jonathan Morris.

Total SPAC deal count for 2021 year-to-date is now 83 with $23.18 billion in gross proceeds raised. This offering is expected to close on Monday, February 1.

RBC Capital Markets is serving as the sole book-running manager for the offering. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.