05:12 PM EDT, 09/10/2025 (MT Newswires) -- Talon Capital ( TLNCU ) said late Wednesday it closed an initial public offering of 24.9 million units at $10 apiece, for gross proceeds of $249 million.

The offering includes the partial exercise of an overallotment option by underwriters, according to a statement.

Each unit comprises a class A common share and one-third of one redeemable public warrant. Each warrant entitles the holder to buy a class A common share at $11.50 apiece. The units started trading on Nasdaq under the ticker "TLNCU" on Tuesday, according to the blank check company.

The class A shares and warrants are expected to be listed on the Nasdaq under tickers "TLNC" and "TLNCW," respectively, when the securities comprising the units begin separate trading, the company said.