ESGEN Acquisition Corporation announces the price of its initial public offering of $ 240 million


DALLAS – (COMMERCIAL THREAD) – ESGEN Acquisition Corporation (“ESGEN” or the “Company”) today announced the price of its initial public offering of 24,000,000 units at a price of $ 10.00 per unit. The offer has been increased from an original unit offer of 20,000,000 to a unit offer of 24,000,000. The units will be listed on the Nasdaq Global Market and trade under the ticker symbol “ESACU” as of 20 October 2021.

Each unit consists of one Class A common share and one redeemable half warrant. Each whole warrant entitles its holder to purchase one Class A common share at a price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on the Nasdaq Global Market under the symbols “ESAC” and “ESACW”, respectively. The Company is a newly incorporated blank check company incorporated as an exempt Cayman Islands company incorporated for the purpose of effecting a merger, share exchange, acquisition of assets, purchase of shares, recapitalization, reorganization or a similar business combination with one or more businesses or entities.

ESGEN is headed by Managing Director Andrejka Bernatova and CFO Nader Daylami, and is affiliated with Energy Spectrum Capital, a Dallas-based venture capital firm with a long history of building businesses in the areas of l energy and infrastructure over several decades. The Company intends to focus on identifying opportunities in the North American energy value chain and contiguous infrastructure and industries that it believes will fundamentally change the current energy landscape by accelerating the transition. towards a low carbon future.

Citigroup and Barclays Capital Inc. are the book managers for the offering and Ladenburg Thalman & Co. Inc. acted as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 3,600,000 additional units at the initial public offering price to cover over-allotments, if any.

The offer is being made only by means of a prospectus which can be obtained from:

Citigroup World Markets Inc.

c / o Broadridge Financial Solutions

1155 Long Island Avenue,

Edgewood, NY 11717,

or by phone at 1-800-831-9146

Where

Barclays Capital Inc.

c / o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

[email protected]

(888) 603-5847.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offer is scheduled to close on October 22, 2021, subject to customary closing conditions.

Caution Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the intended use of the net proceeds. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and of the Company’s preliminary offering prospectus filed. with the Securities and Exchange Commission (“SECOND”). Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.


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