EQV Ventures Acquisition, a blank check company backed by EQV Group targeting the energy sector, raised $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Director Jerry Silvey, the founder and CEO of EQV Group, a firm that seeks to acquire mature, long-life and low-decline upstream producing oil & gas assets and related midstream infrastructure within the overlooked basins of North America and Europe. The SPAC plans to target the energy sector, focusing on businesses involved in upstream exploration and production in North America and Europe.
EQV Ventures Acquisition plans to list on the NYSE under the symbol EQVU. BTIG acted as sole bookrunner on the deal.
