Renewable Energy SPAC Enphys Acquisition Prices Upsized US$300 Million IPO

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.

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.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Houston Natural Resources-Backed Energy SPAC HNR Acquisition Closes US$86.25 Million IPO

Special purpose acquisition company HNR Acquisition Corp. (NYSE: HNRAU) closed its initial public offering on...

Thursday, February 24, 2022, 03:40:00 PM

Smart Home Firm Snap One Launches US$291 Million IPO

Smart home integration firm Snap One Holdings announced today the launch of its initial public...

Monday, July 19, 2021, 11:23:00 AM

Fintech Firm Blend Labs Seeks US$360 Million In IPO

Blend Labs Inc. announced this morning the launch of its initial public offering on the...

Tuesday, July 6, 2021, 11:20:00 AM

Insurance Firm Ryan Specialty Group Looks To Raise US$1.3 Billion In IPO

Insurance provider Ryan Specialty Group Holdings priced its initial public offering as the company starts...

Thursday, July 22, 2021, 10:27:00 AM

Singapore-Based A SPAC I Acquisition Prices US$60 Million IPO

Special purpose acquisition company A SPAC I Acquisition Corp. started trading on the Nasdaq Capital...

Tuesday, February 15, 2022, 02:19:00 PM