Global Technology Acquisition Corp. I Unit

GTACU

Market cap $201M

•         Transaction expected to close in the second half of 2024 ZEPHYR COVE, Nev. and SUZHOU, China , May 24, 2024 /PRNewswire/ -- Global Technology Acquisition Corp. I (NASDAQ: GTAC) ("GTAC"), a special purpose acquisition company, and Tyfon Culture Holdings Limited ("Tyfon"), a well-recognized offline to online ("O2O") Chinese art marketplace, today announced the filing with the U.S. Securities and Exchange Commission (the "SEC") of a registration statement on Form F-4 (the "Registration Statement") relating to their previously announced proposed business combination (the "Business Combination").

Tyfon is a contemporary art marketplace in China with a differentiated offline to online ("O2O") platform 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.