CENAQ Energy said it has completed the sale of the full 2.25 million units in the underwriters’ over-allotment option. Imperial Capital and I-Bankers were joint book-runners for the offering.
The gross proceeds of $22.5 million raised the SPAC’s IPO to $174.225 million.
The SPAC is focused broadly on the energy industry in North America.
The SPAC is led by Chairman John Connally III, a founder of Texas South Energy and GulfSlope Energy, and of Nuevo Energy, Endeavor International, Pure Energy Group, and Pure Gas Partners. CEO J. Russell Porter was previously CEO of Freedom Oil & Gas. Read more.
