Titan Acquisition Corp. (TACHU), a Houston-based SPAC focused on the finance and tech-enabled industries, raised $240 million on Tuesday night, April 8, 2025, by pricing its SPAC IPO in sync with the terms in the prospectus – 24.0 million units at $10.00 each. Each unit consists of one share of common stock and one-half of one redeemable warrant. Titan Acquisition’s stock dipped to $9.99 – down 1 cent from its SPAC IPO price – when it started trading at 10:45 a.m. EDT today – Wednesday, April 9, 2025 – on the NASDAQ on volume of more than 500,000 shares. At the closing bell, Titan Acquisition’s stock was back where it started – ending its first day of NASDAQ trading at $9.99 – after trading from $9.97 to $10.00 during the session.
Cantor acted as the sole book-runner. Odeon Capital Group served as the co-manager.
“We intend to focus on businesses with an aggregate enterprise value ranging from $160 million to $2.0 billion,” Titan Acquisition said in the prospectus.
Titan Acquisition Corp. is incorporated in the Cayman Islands.
Frank Mastrangelo is the CEO and the chairman of Titan Acquisition’s board of directors. He is also the CEO of PayAmigo, a provider of cross-border payment solutions for enterprise clients.
Adeel Rouf is the president and the CFO of Titan Acquisition. He has extensive experience in the financial services industry and with SPACs, according to the prospectus.
At pricing, Titan Acquisition Corp. became the 23rd SPAC IPO priced so far in 2025.
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