Energem Corp. Announces Pricing of $100,000,000 Initial Public Offering
15 Noviembre 2021 - 6:15PM
via NewMediaWire -- Energem Corp. (the “Company”) announced today
that it priced its initial public offering of $100 million,
consisting of 10,000,000 units at $10.00 per unit. The units will
be listed on the Nasdaq Global Market (“Nasdaq”) and are expected
to begin trading tomorrow, Tuesday, November 16, 2021, under the
ticker symbol “ENCPU”. Each unit consists of one the Company’s
Class A ordinary shares and one redeemable warrant entitling the
holder thereof to purchase one Class A ordinary share at a price of
$11.50 per share. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols “ENCP” and
“ENCPW,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus on the energy industry. The Company
is led by Chief Executive Officer, Mr. Swee Guan Hoo.
EF Hutton, division of Benchmark Investments,
LLC, is acting as sole book running manager for the offering. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 1,500,000 units at the initial public offering
price to cover over-allotments, if any. The offering is expected to
close on November 18, 2021, subject to customary closing
conditions.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from EF Hutton, division of Benchmark Investments, LLC,
Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York,
New York 10022, by telephone at (212) 404-7002, by fax at (646)
861-4697, or by email at syndicate@efhuttongroup.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission on November 15, 2021. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the offering filed with
the Securities and Exchange Commission (“SEC”). Copies are
available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact
Energem Corp.Level 10, Tower 11, Avenue 5, No. 8,Jalan Kerinchi,
Bangsar South59200 Wilayah Persekutuan Kuala Lumpur, MalaysiaAttn:
Swee Guan HooChief Executive Officersghoo@energemcorp.com + (60)
3270 47622
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