Units of Talon Capital Corp. are issued by a recently formed Special Purpose Acquisition Company (SPAC) dedicated to seeking opportunities within the energy and power sectors. Each individual unit provides its holder with one Class A ordinary share and a fractional warrant, specifically one-third of a full warrant, which is convertible into a share at an exercise price of $11.50. During its initial public offering, this blank-check firm successfully garnered approximately $225 million by distributing 22.5 million units, each priced at $10.
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