Glenfarne Merger Corp. (GGMCU) Prices $250M IPO


Glenfarne Merger Corp. (GGMCU) Prices $250M IPO

Glenfarne Merger Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GGMCU”, Friday, March 19.

The new company aims to combine with a renewable energy target that can benefit from its management team’s infrastructure experience. Glenfarne is led by CEO and Chairman Brendan Duval, COO and General Counsel Bryan Murphy, Chief Strategy Officer Vlad Bluzer, CFO Enrique Reus Jimeno, and Chief Technical Officer Carl Strickler.

Total SPAC deal count for 2021 year-to-date is now 271. This offering is expected to close on Tuesday, March 23.

Mizuho is acting as the sole book running manager for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.