Liberty Resources Acquisition Corp. (LIBYU) Prices $100M IPO


Liberty Resources Acquisition Corp. (LIBYU) Prices $100M IPO

Liberty Resources Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LIBYU” Thursday, November 4.

The new SPAC intends to focus on the natural resources industry, specifically within the oil and gas sectors. The Company’s objective is to focus on middle market and emerging growth businesses operating with a total enterprise value from $200 million to $2 billion. Liberty Resources is led by Dato’ Maznah Binti Abdul Jalil, the Company’s Chairman of the Board and Chief Executive Officer, and Dato Khalid Ahmad, the Company’s Chief Financial Officer.

Total SPAC deal count for 2021 year-to-date is now 512. This offering is expected to close on Monday, November 8.

EF Hutton, division of Benchmark Investments LLC, served as the sole book-running manager on the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Mitchell Silberberg & Knupp LLP serving as Underwriter’s Counsel. Adeptus Partners, LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.