Blank check company Enphys Acquisition Corp. (Nasdaq: NFYS.U) went public today on the Nasdaq Global Market. The company is seeking to raise US$300.0 million through its initial public offering.
The offering consists of 30.0 million company units, upsized from previous plan of 25.0 million units, priced at US$10.00 per unit. Each unit is composed of one common share and one-half of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share. The units will be trading under the symbol “NFYS.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the Nasdaq big board under the symbols “NFYS” and “NFYS.W”, respectively.
Credit Suisse Securities (USA) and BTIG serve as the bookrunners for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 4.5 million company units, potentially bringing the offering proceeds to US$345.0 million.
Sponsored · Altamira Gold Corp.
The offering is expected to close on October 8, 2021, subject to customary closing conditions.
The blank check firm will be led by the managing partner of investment firm LAIG Investments, Jorge de Pablo, as its CEO. The company plans to target businesses that predominantly operate in Ibero-America aligned with energy transition and sustainability themes.
Information for this briefing was found via Sedar and 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.
