Pyrophyte Acquisition prices $175M IPO
Pyrophyte Acquisition prices $175M IPO
Pyrophyte Acquisition (PHYT) has priced its initial public offering (IPO) of 17.50M units at $10.00/unit, for an anticipated gross proceeds of $175M.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50/share.
Underwriters have been granted a 45-day option to purchase up to an additional 2,625,000 units at the IPO price to cover over-allotments, if any.
The units will begin trading on the NYSE from October 27, 2021 under the ticker symbol "PHYT.U". The Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "PHYT" and "PHYT WS," respectively.
Pyrophyte Acquisition is a special purpose acquisition company (SPAC), which intends to focus on differentiated businesses that provide products, services, equipment, and technologies that support a variety of energy transition solutions.
Pyrophyte Acquisition(Phyt)将其1750万股的首次公开募股(IPO)定价为每股10.00美元,预计总收益为1.75亿美元。
每个单位包括一股A类普通股和一半的一份可赎回认股权证,每份完整的认股权证可按每股11.50美元的价格购买一股A类普通股。
承销商已被授予45天的选择权,可以按IPO价格额外购买至多262.5万股,以弥补超额配售(如果有的话)。
这些单位将从2021年10月27日开始在纽约证交所交易,股票代码为“PHYT.U”。A类普通股和认股权证预计将分别以“PHYT”和“PHYT WS”的代码在纽约证券交易所上市。
Pyrophyte Acquisition是一家特殊目的收购公司(SPAC),旨在专注于提供支持各种能源过渡解决方案的产品、服务、设备和技术的差异化业务。