Accretion Acquisition Corp. (ENERU) Prices Upsized $180M IPO


Accretion Acquisition Corp. (ENERU) Prices Upsized $180M IPO

Oct 20, 2021 IPOs by Marlena Haddad

Accretion Acquisition Corp. announced the pricing of its upsized $180 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “ENERU” Thursday, October 21.

The new SPAC intends to focus on upstream energy and related industries such as traditional energy as well as energy off-shoots. Accretion is led by CEO Brad Morse, CFO M. Grant Farn, COO Daniel Silverman, SVP and Secretary Ryan Sullivan, and VPs Doug Sandridge and Conor Hess.

Total SPAC deal count for 2021 year-to-date is now 484. This offering is expected to close on Monday, October 25.

EarlyBirdCapital,Inc. and Stephens Inc. are serving as the joint book-running managers for the offering. Davis Graham & Stubbs LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.