Electriq Power to Merge with TLG Acquisition One Corp (TLGA) in $495M Deal

November 14, 2022

Electriq Power Holdings Inc., an intelligent energy storage and management provider for homes and small businesses, entered into a definitive merger agreement with TLG Acquisition One Corp. (TLGA), a publicly traded SPAC. The transaction values Electriq at a pro forma pre-money equity value of $495 million and is expected to provide up to $125 million in capital, with the combined company to be listed on the NYSE under ticker ELIQ in the first half of 2023.

Buyers
TLG Acquisition One Corp.
Targets
Electriq Power Holdings Inc.
Industry
Energy
Location
California, United States
Transaction Type
Buyout

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