Enphys Acquisition in an 8-K said it signed a non-binding letter of intent for a potential business combination “with a leading and well-established advanced biofuels company in Latin America.”
Enphys raised $345 million in an October 2021 IPO with plans to target businesses predominantly operating in Ibero-America and whose strategy is aligned with energy transition and sustainability themes, renewable energy in particular.
The SPAC faces an Oct. 8 deadline, but yesterday filed a proxy on an extension proposal that would push its termination date to July 8, 2024. Read more.
