Kimbell Tiger Acquisition registered to offer 20 million units at $10 each. A unit consists of one share and one-half of a redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will target businesses in the energy and natural resources industry in North America.
Kimbell Tiger plans to target companies in the energy and natural resources industry in North America.
The SPAC is led by President and CEO Zachary Lunn, whose career began with Nexen Petroleum USA.
UBS is sole book-running manager. The underwriter has an option to purchase up to an additional 3 million units to cover over-allotments, if any.
The SPAC has app;lied to list on the NYSE under TGR.U. Read more.