Energem Corp. (ENCPU) Prices $100M IPO


Energem Corp. (ENCPU) Prices $100M IPO

Nov 16, 2021 IPOs by Anthony Sozzi

Energem Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ENCPU” Tuesday, November 16.

The new SPAC intends to focus on the energy value chain with an immediate plan to focus on South East Asia and Asia Pacific Regions (outside of China and Hong Kong), specifically in the oil and gas and other potential renewable energy businesses. Energem Corp. is led by Chairman Kok Seong Wong, Chief Executive Officer Swee Guan Hoo, and Chief Financial Officer Cu Seng Kiu.

Total SPAC deal count for 2021 year-to-date is now 542. This offering is expected to close on Thursday, November 18.

EF Hutton, division of Benchmark Investments, LLC, is acting as sole book-running manager for the offering. Rimon, P.C. is serving as Issuer’s Counsel with Lucosky Brookman LLP serving as Underwriter’s Counsel. Adeptus Partners LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.