Alussa Energy Acquisition Corp. Announces Closing of Underwriters’ Option to Purchase Additional Units in Connection with i...
05 Dezembro 2019 - 6:00PM
Business Wire
Alussa Energy Acquisition Corp. (NYSE: ALUS.U) (the “Company”)
announced today that it closed the issuance of an additional
3,750,000 units pursuant to the exercise of the underwriters’
option to purchase additional units in connection with its initial
public offering at $10.00 per unit, resulting in gross proceeds of
$37,500,000 and bringing the total gross proceeds of the initial
public offering to $287,500,000.
The Company’s units are listed on the New York Stock Exchange
(“NYSE”) and commenced trading under the ticker symbol “ALUS.U” on
November 26, 2019. Each unit consists of one of the Company’s Class
A ordinary shares and one-half of one redeemable warrant, each
whole warrant entitling the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Only whole warrants
will trade and are exercisable. Once the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to be traded on NYSE under the symbols “ALUS”
and “ALUS.WS,” respectively.
BTIG, LLC acted as the sole book running manager for the
offering and I-Bankers Securities, Inc. acted as co-manager for the
offering.
Of the proceeds received from the consummation of the initial
public offering (as well as the exercise of the option to purchase
additional units) and related private placements of warrants,
$287,500,000 (or $10.00 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
November 29, 2019 reflecting receipt of the proceeds upon
consummation of the initial public offering and the concurrent
private placement (but not including the closing of the additional
units described herein or the private placement on such date) will
be included as an exhibit to a Current Report on Form 8-K to be
filed by the Company with the Securities and Exchange Commission
(the “SEC”).
Ellenoff Grossman & Schole LLP acted as counsel to the
Company and Kirkland & Ellis LLP acted as counsel to the
underwriters.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from BTIG, LLC at 65 East 55th
Street, New York, NY 10022, or by email at
equitycapitalmarkets@btig.com.
A registration statement relating to the securities became
effective on November 25, 2019 in accordance with Section 8(a) of
the Securities Act of 1933, as amended. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds. No assurance can be given that
the net proceeds of the offering 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
forth in the Risk Factors section of the Company's registration
statement and prospectus for the offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
About Alussa Energy Acquisition Corp.
The Company is a newly organized blank check company
incorporated in the Cayman Islands for the purpose of effecting a
merger, share exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an acquisition opportunity
in any industry or sector, the Company intends to focus on
businesses in the production, operation and development of crude
oil and natural gas wells and related infrastructure. The Company
has not selected any business combination target and it has not,
nor has anyone on its behalf, initiated any substantive
discussions, directly or indirectly, with respect to identifying
any business combination target.
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Daniel Barcelo Chief Executive Officer +1 345 949 4900
Alussa Energy Acquisition (NYSE:ALUS.U)
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