TLG Acquisition One And Electriq Power, Inc. Have Entered Into A Forward Purchase Agreement For An OTC Equity Prepaid Forward Transaction, In Which The Seller Intends To Purchase Up To 9.9% Of TLG's Class A Common Stock Following The Merger
Portfolio Pulse from Happy Mohamed
TLG Acquisition One and Electriq Power, Inc. have entered into a forward purchase agreement for an OTC equity prepaid forward transaction. The seller intends to purchase up to 9.9% of TLG's Class A common stock following the merger, according to an SEC filing.
July 24, 2023 | 1:05 pm
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TLG Acquisition One is entering into a forward purchase agreement with Electriq Power, Inc. This could potentially increase the liquidity of TLG's Class A common stock.
The forward purchase agreement indicates a strong interest in TLG's Class A common stock. This could potentially increase the liquidity and demand for the stock, which may positively impact its price in the short term.
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