UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events |
As noted in its Form 8-K filed on June 8, 2023, Talon 1 Acquisition Corp. (the “Company”) has determined that it will not seek an extension of the time to complete an initial business combination and that it will redeem all of its outstanding Class A ordinary shares, par value $0.0001 per share (the “Public Shares”). The balance of the Company’s trust account (the “Trust Account”) as of June 7, 2023 was approximately $101,693,581.14, which represents a per-share redemption price for the Public Shares of approximately $10.49 (the “Redemption Amount”). The balance of the Trust Account and the Redemption Amount reflected interest withdrawn from the Trust Account in respect of taxes, comprised of United States federal income tax, branch profits tax and Florida state income tax. Following additional consultation with its tax advisors, the Company has determined that cash in the amount of $2,225,076 originally withdrawn from the Trust Account in respect of taxes could be returned to the Trust Account for further distribution to holders of Public Shares. As a result of the return, the Company expects that the amount distributable to the holders of Public Shares will represent a per-share redemption price for the Public Shares of approximately $10.72. As a result of the return of funds to the Trust Account, the Company expects to complete the distribution on June 21, 2023.
This Form 8-K contains statements that constitute “forward-looking statements,” including with respect to additional distributions by the Company. When used in this Form 8-K, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TALON 1 ACQUISITION CORP. | ||||||
| By: | /s/ Ed Wegel | |||||
| Name: | Ed Wegel | |||||
| Title: | Chief Executive Officer | |||||
| Dated: June 16, 2023 | ||||||