HNR Acquisition Corp. (HNRA.U) Prices $75M IPO


HNR Acquisition Corp. (HNRA.U) Prices $75M IPO

Feb 10, 2022 IPOs by Marlena Haddad

HNR Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NYSE under the symbol “HNRA.U” Thursday, February 10.

The new SPAC intends to focus on assets used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products in North America. HNR is led by CEO and Chairman Donald H. Goree, and President Donald W. Orr.

Total SPAC deal count for 2022 year-to-date is now 34. This offering is expected to close on Monday, February 14.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book-running manager for the offering. K&L Gates LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.