Kimbell Tiger Acquisition Closes $230M IPO

Kimbell Tiger Acquisition closed its initial public offering of 23 million units, including 3 million units sold pursuant to the full exercise of the underwriter’s over-allotment option, at a price of $10 per unit. 

The units trading on the New York Stock Exchange under the ticker symbol TGR.U. Each consists of one share and one-half of a warrant.  Once the securities begin separate trading, stock and warrants are expected to be listed under the symbols TGR and TGR.WS.

TGR intends to search for a target in the energy and natural resources industry in North America. 

UBS was sole book-running manager for the offering. Read more.

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