Flame Acquisition Corp. (FLMEU) Prices $250M IPO


Flame Acquisition Corp. (FLMEU) Prices $250M IPO

Feb 24, 2021 IPOs by Kristi Marvin

Flame Acquisition Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FLMEU,” on Thursday, February 25.

Flame Acquisition Corp. aims to combine with a business in the energy industry, primarily targeting the upstream exploration and production (“E&P”) sector, midstream sector and companies focused on new advancing technologies that are transformative and provide the potential for and means to achieve greater profitability in the broader energy sector. The new company is led by Chairman, Chief Executive Officer and President James C. Flores and Chief Financial Officer and Secretary Gregory D. Patrinely.

Total SPAC deal count for 2021 year-to-date is now 175. This offering is expected to close on Monday, March 1.

Cowen and Intrepid Partners are acting as joint book-running managers for the offering.  Latham & Watkins LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company is acting as trustee.