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.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Healthcare Reimbursement Firm MSP Recovery To Be Taken Public In A US$32.6 Billion SPAC Merger

Health insurance reimbursement platform MSP Recovery (Nasdaq: MSPR) closed its business combination with special purpose...

Thursday, May 26, 2022, 02:21:00 PM

Fracking Firm ProFrac Prices US$288 Million IPO

Hydraulic fracturing company ProFrac Holding Corp. (Nasdaq: PFHC) began trading on the Nasdaq Global Select...

Friday, May 13, 2022, 02:26:00 PM

Financial SPAC FG Acquisition Announces US$100 Million TSX IPO

Blank check firm FG Acquisition is looking to go public on the Toronto Stock Exchange....

Tuesday, March 22, 2022, 02:18:00 PM

Crypto Aggregator Nukkleus To Be Taken Public In A SPAC Merger

Nukkleus, Inc. (OTC: NUKK) has announced a business combination agreement with the China-based special purpose...

Wednesday, February 23, 2022, 02:30:00 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