Kimbell Tiger Acquisition, a blank check company formed by Kimbell Royalty Partners targeting the the energy and natural resources industry, raised $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.
The company is led by CEO Zachary Lunn, who previously worked 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 the Controller of KRP's GP. The SPAC plans to target the energy and natural resources industry in North America.
The Fort Worth, TX-based company plans to list on the NYSE under the symbol TGR.U. UBS Investment Bank acted as sole bookrunner on the deal.
