M&A Advisory
K&L Gates
Full Credential Description
Tyfon Culture Holdings Limited, a contemporary Chinese art marketplace, faced challenges in optimizing the traditionally inefficient art buying experience. To address these issues, Tyfon Culture sought a business combination with Global Technology Acquisition Corp. I (GTAC), a publicly traded special purpose acquisition company. This strategic move aimed to enhance their operational capabilities by merging their offline network with an innovative online technology marketplace. K&L Gates provided tailored legal representation throughout this process, leading the transaction valued at approximately US$434 million. The firm’s multi-office team, including corporate and tax partners, facilitated the merger, ensuring compliance with regulatory and shareholder approvals necessary for the transaction's completion. Upon finalization, the new entity will operate as Tyfon Culture Inc. and be listed on the NASDAQ under the ticker symbol “TFCI.” This merger is expected to significantly elevate Tyfon Culture's market presence and operational efficiency in the contemporary art sector.
Measurable Results
Successfully completed $434M transaction