Energy-focused SPAC Energem priced its IPO of $100 million, consisting of 10 million units, which begin trading today on the Nasdaq under ENCPU. Each consists of one share and a warrant.
EF Hutton is sole book-running manager for the offering. The underwriters may opt to purchase up to an additional 1.5 million units.
Energem is focused on the commodities space, particularly companies able to capitalize on decarbonization, vehicle electrification, and other clean energy initiatives.
The offering is expected to close Nov. 18. Read more.
