Avanea Energy Acquisition registered today with the SEC to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will target energy technology businesses in Europe and North America.
Avanea is led by Co-CEO and Director Peter Gajdos, a managing director and portfolio manager at Presidio Partners Management — a VC firm investing in Information Technology, Life Sciences and Energy Technology companies — and Co-CEO and Director Faysal Sohail, also a managing director at Presidio Partners.
The SPAC plans to apply for a Nasdaq listing under AVEAU. Read more.
