Accretion Acquisition priced its upsized IPO of 18 million units at $10 each, up 3 million units more than the SPAc registered in August. Units start trading today on the Nasdaq under ENERU. Each consists of one share, one right to receive one-tenth of a share and one-half of a warrant. Once the units begin separate trading, stock, rights, and warrants are expected to lis under ENER, ENERR, and ENERW, respectively.
Accretion intends to acquire a business involved in the energy value chain, including upstream, water management, gas and vapor capture, energy transition related systems, midstream, oil and gas-related software, commodity risk management or oil and gas services.
EarlyBirdCapital and Stephens are book-running managers for the offering. The underwriters have an option to purchase up to an additional 2.7 million units. Read more.
