Filed
under Rule 425
under
the Securities Act of 1933, as amended
and
deemed filed under Rule 14a-12
of
the Securities Exchange Act of 1934, as amended
Filing
by: Global Technology Acquisition Corp. I
Subject
Company: Global Technology Acquisition Corp. I
SEC
File No.: 333-279689
On
May 24, 2024, Tyfon Culture Holdings Limited and Global Technology Acquisition Corp. I jointly issued the following press release.
Tyfon
and Global Technology Acquisition Corp. I Announce Public Filing of Registration Statement on Form F-4 in Connection with Proposed Business
Combination
● Transaction expected to close in the second half of 2024
ZEPHYR
COVE, NEVADA and SUZHOU, CHINA, May 24, 2024 – Global Technology Acquisition Corp. I (NASDAQ: GTAC) (“GTAC”), a
special purpose acquisition company, and Tyfon Culture Holdings Limited (“Tyfon”), a well-recognized offline to online (“O2O”)
Chinese art marketplace, today announced the filing with the U.S. Securities and Exchange Commission (the “SEC”) of a registration
statement on Form F-4 (the “Registration Statement”) relating to their previously announced proposed business combination
(the “Business Combination”). The Registration Statement contains a preliminary proxy statement/prospectus of GTAC that discloses
important information about GTAC, Tyfon and the Business Combination, including a business overview of Tyfon, terms of the Business Combination,
pro forma financial information of the combined company, and risk factors. The Registration Statement has not yet been declared effective
by the SEC, and the information contained therein is subject to change. The Registration Statement can be viewed on the SEC’s website
at www.sec.gov. For the direct link to the Form F-4 filing, visit: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001848821/000149315224021218/formf-4.htm
Upon
the closing of the Business Combination, the combined company will be named Tyfon Culture Inc. and will be listed on the Nasdaq Stock
Market under the ticker symbol “TFCI”. The Business Combination is expected to close in the second half of 2024, subject
to customary closing conditions, including regulatory and shareholder approvals.
About
Tyfon Culture Holdings Limited
Founded
in 2013 and headquartered in Suzhou, Jiangsu Province, China, Tyfon is a leading contemporary Chinese art marketplace. Tyfon combines
an offline network of operations with an innovative online technology marketplace to improve and optimize a traditionally inefficient
art buying experience. Tyfon acts as an agent by matching the needs of contemporary Chinese paintings sellers (including artists and
painting owners) with buyers. More information about Tyfon is available at https://en.tyfon.com.cn/.
About
Global Technology Acquisition Corp. I
Global
Technology Acquisition Corp. I is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. For more information,
visit www.globaltechnologyacquisitioncorp.com.
Forward-Looking
Statements
This
press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such
as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions
that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also
include, but are not limited to, statements regarding the effectiveness of the Registration Statement or the timing thereof, expectations
related to the terms and timing of the Business Combination, and current or future business operations, as applicable. These statements
are based on various assumptions, whether or not identified in this press release, and on the current expectations of GTAC’s and
Tyfon’s management and are not predictions of actual performance.
These
statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements
to be materially different from those expressed or implied by these forward-looking statements. Although each of GTAC and Tyfon believes
that it has a reasonable basis for each forward-looking statement contained in this press release, each of GTAC and Tyfon cautions you
that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently
uncertain. In addition, there will be risks and uncertainties described in the proxy statement/prospectus included in the Registration
Statement relating to the Business Combination, which has been filed by GTAC with the SEC, and other documents filed by GTAC from time
to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and
results to differ materially from those contained in the forward-looking statements. Neither GTAC nor Tyfon can assure you that the forward-looking
statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties,
including, among others, the inability of the GTAC and Tyfon to successfully or timely consummate the Business Combination due to the
failure to obtain approval from GTAC’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 by GTAC’s public shareholders; costs related to the Business Combination; the
risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business
Combination; the outcome of any potential litigation, government or regulatory proceedings; the ability of GTAC and/or Tyfon to raise
capital, including the amount of such capital raise, and the terms on which any capital is raise; economic and social development and
government policies in the PRC; the ability of Tyfon to anticipate and respond to the changes in customer preferences and demands; the
ability of Tyfon to maintain and enlarge business relationships with its customers; risks relating to the appraisal, certification, verification
and pricing of collectibles; the ability of Tyfon to host successful offline exhibitions and promotions and maintain its sales and marketing
activities; Tyfon’s exposure to concentration risks in terms of revenue generation; Tyfon’s exposure to reputation risks
and losses in the event of title claims, copyright claims and other liabilities from sales of collectibles; the risk of system disruptions
or other hacking or phishing attacks on Tyfon’s system and security breaches; the risk of Tyfon’s failure to comply with
the evolving laws, regulations and government policies, including regarding privacy and data protection; Tyfon’s exposure to rapid
changes in technology and the inability to keep up with technological developments; the risk of the loss, damage or theft of the collectibles;
and other risks and uncertainties, including those to be included under the heading “Risk Factors” in the Registration
Statement filed by GTAC with the SEC on May 24, 2024 and those included under the heading “Risk Factors” in the annual
report on Form 10-K for year ended December 31, 2023 of GTAC and in its subsequent quarterly reports on Form 10-Q and other filings with
the SEC. There may be additional risks that neither GTAC nor Tyfon presently know or that GTAC and Tyfon currently believe are immaterial
that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties
in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved.
The forward-looking statements in this press release represent the views of GTAC and Tyfon as of the date of this press release. Subsequent
events and developments may cause those views to change. However, while GTAC and Tyfon may update these forward-looking statements in
the future, there is no current intention to do so and GTAC and Tyfon disclaim any obligation to do so, except to the extent required
by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of GTAC or Tyfon as
of any date subsequent to the date of this press release.
No
Offer or Solicitation
This
press release is not an offer to sell or exchange, a solicitation of an offer to buy, or a recommendation to purchase, any securities
in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with the Business Combination
and related transactions, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person
to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute
either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Additional
Information
In
connection with the Business Combination, GTAC has filed the Registration Statement with the SEC, and after the Registration Statement
is declared effective, GTAC intends to mail the definitive proxy statement/prospectus relating to the Business Combination to its shareholders.
This press release does not contain all the information that should be considered concerning the Business Combination and is not a substitute
for the registration statement, proxy statement or for any other document that GTAC may file with the SEC in connection with the Business
Combination. TYFON’S AND GTAC’S SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED
TO READ THE preliminary proxy statement/prospectus included in the REGISTRATION STATEMENT, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS,
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 TYFON, GTAC AND THE BUSINESS
COMBINATION. Shareholders are able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus,
once available, and other documents filed with the SEC without charge at the SEC’s website at www.sec.gov, or by directing a request
to: GTAC, 195 US Hwy 50, Suite 309, Zephyr Cove, NV 89448; Tel: (307) 203-7980.
Participants
in the Solicitation
GTAC,
Tyfon and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed
to be participants in the solicitations of proxies from GTAC’s shareholders in connection with the Business Combination. Information
regarding the persons who may, under SEC rules, be deemed participants in the solicitation of GTAC’s shareholders in connection
with the Business Combination is contained the Registration Statement. Additional information regarding the participants in the proxy
solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of GTAC’s
shareholders generally, has also been included in preliminary proxy statement/prospectus, and will be included in the definitive proxy
statement/prospectus, when available. Shareholders, potential investors and other interested persons should read the preliminary proxy
statement/prospectus and the definitive proxy statement/prospectus, when available, carefully before making any voting or investment
decisions. You may obtain free copies of these documents from the sources indicated above.
Investor
Relations Contact:
Robin
Yang
ICR,
LLC
(646)
224-6971
Tyfon.IR@icrinc.com
Global Technology Acquis... (NASDAQ:GTACW)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Global Technology Acquis... (NASDAQ:GTACW)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024