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Abacus Life (East Resources Acquisition) Priced, Nasdaq: ABL

Blank check company formed by Terrence Pegula targeting the North American energy industry (completed 7/3/2023).

Industry: SPAC

First Day Return: 0.0%

Industry: SPAC

We are a newly organized blank check company. We intend to capitalize on the ability of our management team to identify, acquire and operate a business in the energy industry in North America, though we reserve the right to pursue an acquisition opportunity in any business or industry. Our acquisition and value creation strategy will be to source, acquire and, after our initial business combination, grow a company in the energy industry in North America that complements the experience of our management team and Board and can benefit from their respective operational and financial expertise and experience through multiple industry cycles. We believe the deep industry and investing experience of our directors, the extensive experience of our CEO, Terrence Pegula, and the rest of our management team that has operated through numerous market cycles and our operating platform’s deep geological knowledge, uniquely positions us to identify, source, negotiate and execute a business combination with attractive risk-adjusted returns for our stockholders. We believe that there is a unique and timely opportunity to achieve attractive returns by acquiring and exploiting oil and natural gas exploration and production assets in proven basins with extensive production history and limited geologic risk.
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IPO Data
IPO File Date 07/02/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/23/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $300
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Boca Raton, FL, United States
Founded 2020
Employees at IPO 6

Abacus Life (East Resources Acquisition) (ABL) Performance