Glenfarne Merger, which will pursue a business combination with one or more businesses or entities in the energy transition and electrification sector in the Americas, priced its IPO of 25 million units at $10 each.
A unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant is exercisable to purchase one share of Class A common stock at $11.50.
The units begin trading today on the Nasdaq under GGMCU. Read more.
