Titan Acquisition (TACHU) said late Thursday it closed its initial public offering of 27.6 million units at $10 apiece for $276 million in gross proceeds.
The blank-check company said the IPO included 3.6 million units issued as result of the underwriter's full exercise of an overallotment option.
Each unit consists of one class A share and one-half of a redeemable warrant, with each warrant exercisable at $11.50 per share.
The units started trading on the Nasdaq Global Market under the ticker symbol TACHU Wednesday.
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