TLG Acquisition One Corp.
TLGA-UN
New York Stock Exchange6.32
USD
-0.41
- -
CIK
0001827871
Return %
Stock
S&P500
1Y
-35.84
18.21
3Y
-37.61
64.38
5Y
-37.61
72.43
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
- John Michael Lawrie
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 515 North Flagler Drive West Palm Beach FL United States of America 33401
- IPO Date
- Jan 28, 2021
- CIK
- 0001827871
- Website
- tlgacquisitions.com
- Similar Companies
- Business
- TLG Acquisition One Corp. operates as a special purpose acquisition company (SPAC) formed by The Lawrie Group in 2021, headquartered in West Palm Beach, Florida. The company is primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, without conducting any business operations of its own. It went public with an initial public offering (IPO) in January 2021, raising approximately $400 million in IPO proceeds. In July 2023, TLG Acquisition One Corp. completed a business combination with Electriq Power, Inc., a provider of intelligent energy storage and management solutions for residential and small business markets in the United States and Canada. Following the merger, the combined entity operates under the name Electriq Power Holdings, Inc., with common stock and warrants trading on the New York Stock Exchange under the ticker symbols "ELIQ" and "ELIQ WS," respectively. The transaction included pre-closing financings that raised over $45 million in equity for Electriq Power through private placements, PIPEs, loan conversions, and non-redemptions, in addition to significant project equity financing exceeding $300 million secured prior to the merger. Electriq Power specializes in solar energy solutions combined with intelligent storage and software technology that optimize energy consumption through advanced management platforms. The company offers end-to-end residential and small business energy storage systems, battery technology, energy management software, and grid services to support utilities’ transition to time-of-use billing and distributed clean energy. This strategic acquisition marks TLG Acquisition One Corp.’s transition into the energy technology sector, leveraging the public company infrastructure to support Electriq Power’s growth and expansion in the clean energy marketplace. The original TLG Acquisition One Corp. blank check vehicle no longer maintains independent operations post-merger; its function is now subsumed under Electriq Power Holdings, Inc., which focuses on smart energy storage and management solutions primarily across North America. The transaction represents a major strategic shift from a blank check SPAC to a publicly traded enterprise advancing distributed solar-plus-storage technologies.