Enphys Acquisition priced its IPO of 30 million units at $10 per unit, up from the 25 million units initiall registered in July.
Units begin trading today on the NYSE under NFYS.U. Each consists of one Class A ordinary share and one-half of a warrant.
After the securities begin separate trading, shares and warrants are expected to list under NFYS and NFYS WS. The offering is expected to close Oct. 8.
Enphys plans to target businesses which predominantly operate in Ibero-America and whose business strategy is aligned with energy transition and sustainability themes, in particular renewable energy.
The company is led by CEO and Director Jorge de Pablo, founder and managing partner of LAIG Investments, which is focused on the energy and mobility sectors across Ibero-America.
Credit Suisse and BTIG are joint book-running managers of the offering. The underwriters’ over-allotment option allows the purchase of up to an additional 4.5 million units. Read more.