Battery Future Acquisition Corp. (BFAC.U) Prices Upsized $300M IPO


Battery Future Acquisition Corp. (BFAC.U) Prices Upsized $300M IPO

Dec 14, 2021 IPOs by Marlena Haddad

Battery Future Acquisition Corp. announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “BFAC.U” Wednesday, December 15.

The new SPAC intends to focus its search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain from the mine site to end-user to after-life battery and component recycling. Battery Future is led by non-executive Chairman Simon Hay, Chief Executive Officer Greg Martyr, Chief Financial Officer Kris Salinger, Chief Operating Officer Josh Payne, and Chief Development Officer Nick O’Laughlin.

Total SPAC deal count for 2021 year-to-date is now 597. This offering is expected to close on Friday, December 17.

Cantor Fitzgerald & Co. is acting as the sole bookrunner, and Roth Capital Partners is acting as the co-manager for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with DLA Piper LLP (US) serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.