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.
