Tyfon is a contemporary art marketplace in China with a differentiated offline to online platform Compelling revenue and gross profit CAGRs of ~49% and ~52% , respectively Attractive and profitable, net income of $23 million and Adjusted EBITDA of $34 million Estimated post-transaction enterprise value of $434 million No minimum cash condition due to Tyfon's healthy balance sheet position ZEPHYR COVE, Nev. and SUZHOU, China, May 15, 2024 PRNewswire -- Global Technology Acquisition Corp.
, Tyfon expects to be uniquely positioned to expand its art marketplace platform internationally and to expand its offerings in product categories and technology services. Upon closing of the Business Combination, the senior leadership of Tyfon will continue to manage the combined company, and two of the seven directors will initially be appointed by
with the U.S. Securities and Exchange Commission . Additional information about the proposed Business Combination will be described in 's shareholders, future capital investments or commitments , future product and services offering or the timing thereof and expectations related to the terms and timing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of
with the SEC and other documents filed by 's shareholders or to satisfy other closing conditions in the Business Combination Agreement; the occurrence of any event that could give rise to the termination of the Business Combination Agreement; the ability to recognize the anticipated benefits of the Business Combination; risks relating to the uncertainty of the projected financial information with respect to Tyfon; the amount of redemption requests made...
and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that neither and Tyfon may update these forward-looking statements in the future, there is no current intention to do so and and Tyfon may have supplemented such information where necessary, taking into account publicly available information about other industry participants.
'S SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE REGISTRATION STATEMENT, THE PRELIMINARY PROXY STATEMENTPROSPECTUS AND THE DEFINITIVE PROXY STATEMENTPROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, AS WELL AS THE OTHER DOCUMENTS FILED IN CONNECTION WITH THE BUSINESS COMBINATION, CAREFULLY AND IN THEIR ENTIRETY, WHEN THEY BECOME AVAILABLE, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT...
's shareholders in connection with the Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Financial MeasuresThis press release includes certain non-