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)將其1750萬股的首次公開募股(IPO)定價為每股10.00美元,預計總收益為1.75億美元。
每個單位包括一股A類普通股和一半的一份可贖回認股權證,每份完整的認股權證可按每股11.50美元的價格購買一股A類普通股。
承銷商已被授予45天的選擇權,可以按IPO價格額外購買至多262.5萬股,以彌補超額配售(如果有的話)。
這些單位將從2021年10月27日開始在紐約證交所交易,股票代碼為“PHYT.U”。A類普通股和認股權證預計將分別以“PHYT”和“PHYT WS”的代碼在紐約證券交易所上市。
Pyrophyte Acquisition是一家特殊目的收購公司(SPAC),旨在專注於提供支持各種能源過渡解決方案的產品、服務、設備和技術的差異化業務。