Global Technology climbs after deal to take Chinese art marketplace Tyfon public
15/05/2024 13:55
** Shares of blank-check company Global Technology
Acquisition Corp I GTAC.O climb 1.3% to $11.30 before the bell
** GTAC agrees to merge with China's art marketplace Tyfon
Culture in a deal that values the combined company at $434 mln
** Founded in 2013 and headquartered in Suzhou, China, Tyfon
lets customers buy and sell contemporary Chinese paintings
** Deal expected to close in second half of 2024
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))
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Chinese art marketplace Tyfon to go public via $434 million SPAC deal
Global Technology climbs after deal to take Chinese art marketplace Tyfon public