Freestone Acquisition registered with the SEC to offer 20 million units, each consisting of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants would be exercisable at $11.50.
The new SPAC in the filing said it will target “companies that facilitate the energy transition, improve the efficiency of energy ecosystems, and reduce emissions, such as companies that specialize in disruptive infrastructure, manufacturing, support services, or technologies focused on reducing the environmental impact of current energy use or supporting new sources of energy that are more sustainable.”
Freestone is led by CEO and Co-President Alan Boswell, who most recently served as CEO of Southcross Holdings, an energy infrastructure company focused on natural gas gathering, treating, processing and transportation services. CFO and Co-President John Schaufele was a principal at Energy & Minerals Group, a diversified natural resources-focused private equity firm with $10 billion AUM.
The SPAC said it itneds to apply for a listing on the Nasdaq under FSTNU. Read more.
