Sunday, June 1, 2025

Latest

Energy SPAC Energem Seeks To Raise US$100 Million In IPO

Special purpose acquisition company Energem Corp. (Nasdaq: ENCPU) went public on the Nasdaq Global Market today. The Malaysian firm is looking to raise US$100.0 million through its initial public offering.

The offering consists of 10.0 million units priced at US$10.00 per unit. Each unit is composed of one common share and one purchase warrant, with each whole warrant entitles to one common share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “ENCPU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “ENCP” and “ENCPW”, respectively.

The proposed offering is being managed by EF Hutton as the sole bookrunner. The company has granted the underwriters a 45-day over-allotment option to purchase additional 1.5 million company units.

The Kuala Lumpur-based blank-check company intends to focus on businesses in the energy industry. The firm is being led by its CEO Swee Guan Hoo.


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

Robinhood Creating Platform to Allow Amateur Investors to Buy IPOs, Including its Own

While still brushing off daytrader anguish and congressional scrutiny after its decision to pause trading...

Saturday, March 27, 2021, 11:21:00 AM

SPAC Acropolis Infrastructure Aims To Conduct A US$300 Million IPO

Blank check company Acropolis Infrastructure Acquisition Corp. is looking to raise US$300 million for its...

Friday, July 9, 2021, 10:57:00 AM

Squarepace: The IPO Deep Dive

If you’re a business looking to have an online presence, you might have tried creating...

Tuesday, May 18, 2021, 01:30:00 PM

EV Charger Maker Tritium Closes SPAC Merger Deal, Makes Nasdaq Debut

Electric vehicle charger manufacturer Tritium (Nasdaq: DCFC) is set to make its Nasdaq debut following...

Friday, January 14, 2022, 02:19:00 PM

Renewable Energy SPAC AP Acquisition Prices US$150 Million IPO

Special purpose acquisition company AP Acquisition Corp (NYSE: APCA.U) went public today on the New...

Friday, December 17, 2021, 02:23:00 PM