Talon Capital (TLNC)
Market Price (1/17/2026): $10.04 | Market Cap: $133.7 MilSector: Financials | Industry: Multi-Sector Holdings
Talon Capital (TLNC)
Market Price (1/17/2026): $10.04Market Cap: $133.7 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 3.1% | Trading close to highsDist 52W High is -1.0%, Dist 3Y High is -1.0% | Key risksTLNC key risks include [1] its inability to complete a business combination as a SPAC and [2] the reliance of its target energy sector on uncertain government policy and geopolitical stability. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -73% |
| Low stock price volatilityVol 12M is 3.1% |
| Trading close to highsDist 52W High is -1.0%, Dist 3Y High is -1.0% |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -73% |
| Key risksTLNC key risks include [1] its inability to complete a business combination as a SPAC and [2] the reliance of its target energy sector on uncertain government policy and geopolitical stability. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Talon Capital operates as a Special Purpose Acquisition Company (SPAC) with no active business operations or revenue. The company's primary purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more existing businesses. As of the specified period, it had no significant revenue and a negative net income, which typically means there are no fundamental operational drivers for significant stock price changes.
2. Absence of a Announced Business Combination. The stock price of a SPAC generally remains stable around its initial offering price until a definitive business combination or a target acquisition is announced. During the period from October 2025 to January 2026, Talon Capital did not disclose any significant developments or agreements regarding a potential merger or acquisition, thereby removing a major catalyst for stock price fluctuation.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
10/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| TLNC | 0.0% | |
| Market (SPY) | 1.4% | 32.9% |
| Sector (XLF) | 4.0% | 13.3% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| TLNC | ||
| Market (SPY) | 9.7% | 23.2% |
| Sector (XLF) | 4.3% | 11.0% |
Fundamental Drivers
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Market Drivers
1/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| TLNC | ||
| Market (SPY) | 15.9% | 23.2% |
| Sector (XLF) | 6.9% | 11.0% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 1/16/2026| Return | Correlation | |
|---|---|---|
| TLNC | ||
| Market (SPY) | 76.5% | 23.2% |
| Sector (XLF) | 55.7% | 11.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TLNC Return | - | - | - | - | 2% | -0% | 2% |
| Peers Return | -37% | -91% | 8% | 53% | 57% | -12% | -87% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| TLNC Win Rate | - | - | - | - | 67% | 0% | |
| Peers Win Rate | 20% | 33% | 58% | 58% | 67% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| TLNC Max Drawdown | - | - | - | - | 0% | -0% | |
| Peers Max Drawdown | -41% | -93% | -43% | -30% | -55% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SRZN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
TLNC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to SRZN
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies for Talon Capital (TLNC):
- Talon Capital is like a middle-market focused KKR.
- It's similar to Blackstone, but specializing in acquiring and growing mid-sized companies.
AI Analysis | Feedback
A major publicly traded company named "Talon Capital" with the ticker symbol "TLNC" and readily identifiable major products or services is not found.
The ticker "TLNC" is associated with Talon Capital Corp, an entity listed on the OTC Markets (Pink Sheets), which does not appear to be an actively reporting major public company with current, well-defined business operations or major products available in public records.
Therefore, I am unable to identify its major products or services as requested.
AI Analysis | Feedback
I am unable to identify a public company named "Talon Capital" with the stock symbol TLNC that has publicly disclosed major customers.
Searches across major financial databases (such as Bloomberg, Reuters, Yahoo Finance, Google Finance) and SEC filings did not yield information for a public company matching these specific details.
It is possible that:
- The company is very small or privately held, and therefore does not have readily public customer information.
- The provided stock symbol (TLNC) or company name ("Talon Capital") might be incorrect or refer to a different entity not easily identifiable as a public company in common financial databases.
- The company might be fictional for the purpose of this request.
Without verifiable information about Talon Capital (TLNC), I cannot identify its major customers or categories of customers as requested.
AI Analysis | Feedback
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Charles Leykum, Chairman and Chief Executive Officer
Charles Leykum has more than 20 years of experience in the traditional and renewable energy sectors. He is the founder of CSL Capital Management. Leykum also served as a director of Sentinel Energy Services Inc., a former blank check company that completed its initial public offering in November 2017.
Gerald Cimador, Chief Financial Officer
Gerald Cimador possesses over 30 years of public and private accounting experience. He served as the Chief Financial Officer and Chief Accounting Officer of Sentinel Energy Services Inc.
Kyle Bratton, Vice President
Shawn Reynolds, Director
Thomas Simons, Director
AI Analysis | Feedback
Talon Capital Corp. (TLNC) is a Special Purpose Acquisition Company (SPAC) that completed its initial public offering in September 2025, with a stated focus on acquiring businesses within the energy and power industries. As such, its key business risks are primarily tied to its nature as a blank-check company seeking a business combination.
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Ability to Complete a Business Combination (De-SPAC Risk): The most significant risk for Talon Capital is its ability to successfully identify, acquire, and merge with a target company. As a SPAC, its entire purpose revolves around completing an initial business combination, and there is no guarantee that it will be able to do so. The broader de-SPAC market has experienced subdued activity in 2025, indicating ongoing execution challenges and potential difficulties in valuation agreements with target companies. A lack of concrete deal news can also contribute to soft sentiment among investors regarding SPACs.
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Reliance on Policy Support and Geopolitical Uncertainties in the Energy Sector: Talon Capital specifically targets companies within the energy and power sectors. These industries are often heavily influenced by government policies, such as tax credits for renewable energy. This reliance introduces a layer of geopolitical uncertainty, as changes in policy could negatively impact the attractiveness or viability of potential acquisition targets, and subsequently, the performance of the combined entity.
AI Analysis | Feedback
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AI Analysis | Feedback
nullAI Analysis | Feedback
Talon Capital (TLNC) is a Special Purpose Acquisition Company (SPAC) that commenced operations in 2025, with a primary objective of completing a business combination with one or more operating entities. As such, its future revenue growth is contingent upon specific foundational events and the subsequent performance of the acquired business, rather than traditional operational drivers. Currently, the company is unprofitable and pre-revenue, with no analyst coverage to provide detailed forecasts for existing operations.
The key expected drivers of future revenue growth for Talon Capital over the next 2-3 years include:
- Successful Completion of a Business Combination (De-SPAC Transaction): The most critical driver for Talon Capital's future revenue is the successful identification and completion of a merger, share exchange, asset acquisition, or similar business combination. Until this de-SPAC transaction occurs, the company will not have an operating business to generate revenue.
- Performance and Growth of the Acquired Operating Company: Following a successful business combination, the revenue growth of Talon Capital will be directly driven by the operational performance and inherent growth strategies of the newly acquired entity. This will include factors such as increased sales, market share expansion, or product/service development within that acquired business.
- Capitalization on Long-Term Structural Tailwinds in U.S. Energy and Power Industries: Talon Capital has a stated strategic emphasis on targeting businesses within the energy and power industries, aiming to leverage long-term structural tailwinds in U.S. energy demand. The growth and profitability of the acquired entity will therefore be significantly influenced by its ability to capitalize on these favorable industry trends.
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Share Issuance
- Talon Capital Corp. closed its Initial Public Offering (IPO) on September 10, 2025, selling 24,900,000 units at $10.00 per unit, generating total gross proceeds of $249,000,000.
- The IPO included the partial exercise by underwriters of their over-allotment option for an additional 2,400,000 units.
- Concurrently with the IPO, Talon Capital completed a private placement of 779,000 units (530,000 to its sponsor and 249,000 to Cohen and Company Capital Markets) at $10.00 each, raising an additional $7,790,000 in gross proceeds.
Inbound Investments
- Talon Capital received $7,790,000 in gross proceeds from a private placement of 779,000 units to its sponsor, Talon Capital Sponsor LLC, and Cohen and Company Capital Markets.
Outbound Investments
- Talon Capital Corp. was formed as a Special Purpose Acquisition Company (SPAC) with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses.
- The company intends to focus its acquisition efforts on target businesses within the energy and power industries.
- As of December 2025, Talon Capital is in a "Pre-Deal" status, indicating it has not yet completed its initial business combination.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Talon Capital
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.03 |
| Mkt Cap | 0.2 |
| Rev LTM | 4 |
| Op Inc LTM | -38 |
| FCF LTM | -21 |
| FCF 3Y Avg | -28 |
| CFO LTM | -21 |
| CFO 3Y Avg | -28 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -64.0% |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | -90.2% |
| QoQ Delta Rev Chg LTM | -71.4% |
| Op Mgn LTM | -1,055.6% |
| Op Mgn 3Y Avg | -535.3% |
| QoQ Delta Op Mgn LTM | -850.2% |
| CFO/Rev LTM | -581.3% |
| CFO/Rev 3Y Avg | -377.2% |
| FCF/Rev LTM | -583.8% |
| FCF/Rev 3Y Avg | -379.5% |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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