Industrial gas supplier Global Hydrogen Energy and Dune Acquisition today announced a definitive merger agreement at a pro forma combined enterprise value of $112 million.
If approved, the combined company will be called Global Gas Corporation and shares are expected to list on the Nasdaq under new ticker symbol HGAS.
There is no minimum cash condition to close.
Dune Acquisition stockholders voted in favor of a deadline extension last summer, although the SPAC said in a regulatory filing that redemptions of $160.7 million in stock left approximately $11.8 million in trust, or about 7% remaining.
Winston & Strawn and Sidley Austin are serving as legal advisors to Dune. Alston & Bird is counsel to Global Hydrogen. Read more.
