CENAQ Energy Corp. (CENQU) Prices $150M IPO


CENAQ Energy Corp. (CENQU) Prices $150M IPO

Aug 12, 2021 IPOs by Marlena Haddad

CENAQ Energy Acquisition Corp.  announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CENQU” Friday, August 13.

The new SPAC intends to combine with an energy-focused company based in North America that complements the experience of CENAQ’s management team, and can benefit from its respective operational expertise. CENAQ Energy is led by Chairman John B. Connally III, CEO J Russell Porter, President and CFO Michael J. Mayell, and VP of Regulatory David J. Porter.

Total SPAC deal count for 2021 year-to-date is now 408. This offering is expected to close on Tuesday, August 17.

Imperial Capital, LLC and I-Bankers Securities, Inc. are acting as book runners for the offering. Carter Ledyard & Milburn LLP is serving as Issuer’s Counsel with Alston & Bird LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.