Switchback Energy Acquisition, a blank check company formed by NGP and former RSP Permian executives to acquire an energy firm, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of one warrant to purchase one share of common stock at $11.50 per share.
Switchback Energy Acquisition plans to list on the NYSE under the symbol SBE.U. Goldman Sachs, Citi and Credit Suisse acted as lead managers on the deal.
