TLNC · Talon Capital Corp. · Insider Trading

As described in the Issuer's registration statement on Form S-1 (File No. 333-289674) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date..

325,000 Class B ordinary shares were forfeited by Talon Capital Sponsor LLC (the "Sponsor") to the Issuer at no cost in connection with the underwriters' waiver of the remaining portion of their over-allotment option, as described in the Registration Statement.

These Class B ordinary shares are held by Talon Capital Sponsor LLC (the "Sponsor") and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. Charles Leykum, the Issuer's Chairman and Chief Executive Officer, is the sole managing member of Talon Capital Holdings LLC, which is the sole managing member of the Sponsor. Accordingly, all shares held by the Sponsor may be deemed to be beneficially owned by Mr. Leykum. Mr. Leykum disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Simultaneously with the consummation of the Issuer's initial public offering, Talon Capital Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 530,000 units (the "Private Units") in a private placement for an aggregate purchase price of $5,300,000. Each Private Unit consists of one Class A ordinary share and one-third of one redeemable warrant. The reported shares are the 530,000 Class A ordinary shares included in such Private Units.

The securities are held directly by the Sponsor and indirectly by Charles Leykum, as managing member of the Sponsor. Mr. Leykum disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Simultaneously with the consummation of the Issuer's initial public offering, Talon Capital Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 530,000 units (the "Private Units") in a private placement for an aggregate purchase price of $5,300,000. Each Private Unit consists of one Class A ordinary share and one-third of one redeemable warrant. The reported shares are the 530,000 Class A ordinary shares included in such Private Units.

The securities are held directly by the Sponsor and indirectly by Charles Leykum, as managing member of the Sponsor. Mr. Leykum disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

As described in the Issuer's registration statement on Form S-1 (File No. 333-289674) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

325,000 Class B ordinary shares were forfeited by Talon Capital Sponsor LLC (the "Sponsor") to the Issuer at no cost in connection with the underwriters' waiver of the remaining portion of their over-allotment option, as described in the Registration Statement.

These Class B ordinary shares are held by the Sponsor and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. Charles Leykum, the Issuer's Chairman and Chief Executive Officer, is the sole managing member of Talon Capital Holdings LLC, which is the sole managing member of the Sponsor. Accordingly, all shares held by the Sponsor may be deemed to be beneficially owned by Mr. Leykum. Mr. Leykum disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.