Global Technology Acquisition Corp. I
GTACW
NASDAQ Global Market0.00
USD
-0.02
- -
CIK
0001848821
ISIN
KYG3934N1152
CUSIP
G3934N115
Return %
Stock
S&P500
1Y
-91.49
18.21
3Y
-99.25
63.29
5Y
-99.25
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Arnau Porto Dolc
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 19 West 24th Street New York City NY United States of America 10010
- CIK
- 0001848821
- Website
- gtac.io
- Similar Companies
- Business
- Global Technology Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in the Cayman Islands. The company focuses on identifying and effectuating mergers, share exchanges, asset acquisitions, or similar business combinations with technology companies primarily in the marketplaces, financial technology (FinTech), and Software-as-a-Service (SaaS) verticals operating across Europe, Latin America, and the United States. Its management team includes experienced entrepreneurs and investors with a history of founding and scaling tech companies. The company itself does not have significant operations beyond its acquisition focus. Recently, Global Technology Acquisition Corp. I entered into a definitive business combination agreement with Tyfon Culture Holdings Limited, a leading online-to-offline (O2O) Chinese art marketplace, aiming to create a combined entity named Tyfon Culture Inc. The deal valued the transaction at approximately $428 million and is expected to close in the second half of 2024, after which the company will continue trading under the ticker symbol "TFCI" on NASDAQ. This business combination represents a major strategic shift as it transitions from a blank check SPAC to an operating company focused on the art marketplace sector. Prior to this announcement, the company had planned liquidation in late 2024 due to the inability to complete an initial business combination within the prescribed timeframe. Global Technology Acquisition Corp. I operates primarily as an acquisition vehicle and does not manufacture or sell products directly but facilitates capital and merger opportunities within its targeted tech sectors and regions. Its notable recent corporate activity centers on the Tyfon business combination, marking a significant development in the company's trajectory and focus. This description is comprehensive of the company’s purpose, industry focus, geographic reach, key personnel background, and its latest major business event, the Tyfon merger agreement, as well as its former liquidation plan following deal delays.