Kimbell Tiger Acquisition, a blank check company formed by Kimbell Royalty Partners targeting the the energy and natural resources industry, filed on Thursday with the SEC to raise up to $200 million.
The Fort Worth, TX-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Kimbell Tiger Acquisition would command a market value of $250 million.
The company is led by CEO Zachary Lunn, who currently works at Cobra Oil & Gas; Chairman Robert Ravnaas, who is currently CEO of the general partner of Kimbell Royalty Partners (NYSE: KRP); and Controller Blayne Rhynsburger, who is currently Controller of the general partner of KRP. The company plans to target the energy and natural resources industry in North America.
Kimbell Tiger Acquisition was founded in 2021 and plans to list on the NYSE under the symbol TGR.U. UBS Investment Bank is the sole bookrunner on the deal.
