SPAC · Merger completed
TLG Acquisition One Corp.
Business combination with Electriq Power, Inc.
TLG Acquisition One Corp. is a blank-check company (SPAC) that raised $350M in its initial public offering on Jan 29, 2021, listing on New York Stock Exchange. It completed its business combination with Electriq Power, Inc. on Jul 31, 2023; the combined company is Electriq Power Holdings, Inc. (ELIQ). Telecommunication Investment Banking led the IPO, with Credit Suisse and GAIN Capital. Gibson Dunn advised the SPAC and Skadden, Arps advised the underwriters on the IPO.
Electriq Power offers an end-to-end home and small business energy storage and management solution, serving the U.S. residential solar market. It agreed to list on the NYSE through a business combination with TLG Acquisition One Corp.
- Status
- Merger completed
- IPO date
- Jan 29, 2021
- IPO size
- $350M
- IPO exchange
- New York Stock Exchange
- Target
- Electriq Power, Inc.
- Announced
- Nov 14, 2022
- Closed
- Jul 31, 2023
- Combined company
- Electriq Power Holdings, Inc. (ELIQ)
- IPO underwriters
- Telecommunication Investment Banking, Credit Suisse, GAIN Capital, Managing Director of Sumeru Equity Partners, Corio and Oracle
- SPAC counsel (IPO)
- Gibson Dunn
- Underwriters' counsel (IPO)
- Skadden, Arps
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jan 29, 2021
- Deal announcement (8-K) Nov 14, 2022
- Press release
- All filings on EDGAR CIK 1827871
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