TLG Acquisition One Corp. Announces Pricing of Upsized $350 Million Initial Public Offering

West Palm Beach, FL, Jan. 27, 2021 (GLOBE NEWSWIRE) -- TLG Acquisition One Corp. (the “Company”) announced today the pricing of its upsized initial public offering of 35,000,000 units at $10.00 per unit.  The units will be listed on The New York Stock Exchange (“NYSE”) and trade under the ticker symbol “TLGA.U” beginning January 28, 2021.  Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant of the Company.  Each whole warrant is exercisable to purchase one share of the Company’s Class A common stock at a price of $11.50 per share.  Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NYSE under the symbols “TLGA” and “TLGA.WS,” respectively.

RBC Capital Markets LLC is acting as sole book running manager for the offering.  The Company has granted the underwriter a 45-day option to purchase up to 5,000,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus.  When available, copies of the prospectus relating to the offering may be obtained from: RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, New York, NY 10281, by telephone at 877-822-4089 or by email at

A registration statement (including a preliminary prospectus) relating to the securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 27, 2021.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About TLG Acquisition One Corp.

TLG Acquisition One Corp. is a special purpose acquisition company formed by The Lawrie Group, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.  While the Company may pursue an initial business combination target in any business or industry, it expects to focus its search on acquiring an operating company or business in the information technology, healthcare, business services or financial services sectors.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof.  No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.  Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC.  Copies are available on the SEC’s website,  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.


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