Project Energy Reimagined Acquisition registered with the SEC to offer 30 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The SPAC intends to target companies engaged in electric grid operations, including electrification of transportation and smart batteries.
The SPAC is led by CEO and Director Srinath Narayanan, managing partner of Edgewater Investments, a private multi-family office he founded in 2013.
The SPAC will apply for a Nasdaq listing under PEGRU. Read more.
