TLG Acquisition One Corp. Announces Effectiveness Of Registration Statement And July 25, 2023 Scheduled Special Meeting Of Stockholders To Approve Business Combination With Electriq Power, Inc.
TLG Acquisition One Corp. (NYSE:TLGA, TLGA.U))))) ("TLG"), a publicly traded special purpose acquisition company, today announced that TLG's registration statement on Form S-4, relating to the previously announced business combination between TLG and Electriq Power, Inc. ("Electriq"), a leading provider of residential energy storage solutions, has been declared effective by the U.S. Securities and Exchange Commission (the "SEC").
TLG will mail the definitive joint proxy statement/consent solicitation statement/prospectus (the "Proxy Statement") to stockholders of record as of the close of business on June 8, 2023. The Proxy Statement contains a notice and voting instruction form or a proxy card relating to the special meeting of TLG's stockholders (the "Special Meeting").
The Special Meeting to approve the proposed business combination is scheduled to be held on July 25, 2023 at 10:00 a.m. Eastern Time in virtual meeting format. If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close and the combined entity will commence trading on the New York Stock Exchange under the new ticker symbol "ELIQ" shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every stockholder's vote is important, regardless of the number of shares held. Accordingly, TLG requests that each stockholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and, if by internet, no later than 11:59 p.m. Eastern Time on July 24, 2023, to ensure that the stockholder's shares will be represented at the Special Meeting. Stockholders who hold shares in "street name" (i.e. those stockholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any TLG stockholder does not receive the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement's status with his or her broker or (ii) contact Morrow Sodali LLC, TLG's proxy solicitor ("Morrow Sodali"), for assistance via email at [email protected] or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.
About Electriq
Electriq, founded in 2014 in Silicon Valley, provides turnkey intelligent energy storage and management solutions for homes and small businesses. Electriq's solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities, and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status. Electriq announced in November 2022 it had entered into a definitive transaction agreement with TLG Acquisition One Corp. (NYSE:TLGA), a publicly traded special purpose acquisition company. Upon closing of the transaction, the combined company will operate under the name Electriq Power Holdings, Inc. The company's combined shares are expected to trade on the NYSE under the symbol "ELIQ."