Talon 1 Acquisition Corp., a Cayman Islands exempted company incorporated as a blank check company, filed the initial paperwork with the SEC for a US$200 million IPO, with an option to upsize to $230 million. Talon 1 Acquisition Corp. is an affiliate of AVi8 Management, LLC, which is an affiliate of AVi8 Air Capital, LLC (“AVi8”).
Formed in 2016, AVi8 is a U.S.-based commercial aviation strategic consulting firm that provides services to airlines and aviation support companies around the world. The principal owners of AVi8 are Edward J. Wegel, Triage Capital LLC and General American Capital Partners, LLC.
The executive team of Talon 1 Acquisition is made up of Edward Wegel as Chairman and Chief Executive Officer, Ryan Goepel serves as Chief Financial Officer, Jeremy Falk as Chief Operating Officer, and Jeff Zeunik as Chief Commercial Officer.
The proposed board includes investment and aviation veterans Maggie Arvedlund, Joseph DaGrosa, Jr., Nathaniel Felsher and Abdol Moabery, with nominated advisors being Alvin Khoo and Marc Cho.
The strategy of the SPAC is to identify, acquire and, after its initial business combination, further accelerate the growth of a company in the global aerospace, aviation or aviation services industries. The company plans to pursue targets with an enterprise value between $1.0 billion and $1.5 billion.