Tyfon, a Leading Art Marketplace, to Become a Public Company Through Business Combination with Global Technology Acquisition Corp. I [Yahoo! Finance]
Global Technology Acquisition Corp. I - Class A Ordinary Shares (GTAC)
Company Research
Source: Yahoo! Finance
Compelling revenue and gross profit CAGRs of ~49% and ~52% (2021A-2024E), respectively Attractive and profitable, net income of $23 million (2023A) and Adjusted EBITDA of $34 million (2023A) Estimated post-transaction enterprise value of $434 million No minimum cash condition due to Tyfon's healthy balance sheet position ZEPHYR COVE, Nev. and SUZHOU, China May 15, 2024 /PRNewswire/ -- Global Technology Acquisition Corp. I (NASDAQ: GTAC) ("GTAC"), a special purpose acquisition company, and Tyfon Culture Holdings Limited ("Tyfon"), a well-recognized O2O Chinese art marketplace, have entered into a definitive business combination agreement (the "Business Combination Agreement"), pursuant to which Tyfon would become publicly listed. The proposed business combination (the "Business Combination") is expected to close in the second half of 2024, subject to customary closing conditions, including regulatory and shareholder approvals. Upon closing of the Business Combination, the comb
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