Flame Acquisition priced its IPO of 25 million units at $10 per unit.
Units begin trading today under FLME.U on the NYSE. Each consists of one share of Class A common stock and one-half of one redeemable warrant, each whole warrant exercisable at $11.50. After the securities comprising the units begin separate trading, shares and warrants will list under FLME and FLME.WS, respectively.
The offering is expected to close March 1.
The SPAC will target businesses in the energy industry in North America. Read more.
