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Accretion Acquisition Priced, Nasdaq: ENERU

Blank check company targeting the energy value chain (liquidated).

Industry: SPAC

Latest Trade: $10.55 +0.47 (+4.7%)

First Day Return: +1.0%

Return from IPO: +0.8%

Industry: SPAC

We are a blank check company. We intend to identify and acquire a business involved in the energy value chain, which includes upstream, water management, gas and vapor capture, energy transition related systems, midstream, oil and gas-related software, commodity risk management or oil and gas services. We believe that recent commodity price volatility and other market factors have limited the strategic options open to many privately-held energy and energy-related companies, and that acquisition by a special purpose acquisition company like ours could be attractive to such companies as a means of providing needed liquidity and growth potential. We believe that the attractiveness of such a transaction may be further enhanced by the extensive experience our management team has in all aspects of the energy industry, including operations, asset acquisitions and divestitures, financing, investor relations and regulatory matters. Members of our management team average over 20 years of experience in multiple subsectors across the energy value chain and will leverage this experience, as well as our deep network of industry relationships, to enhance the value and growth potential of the business we acquire.
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IPO Data
IPO File Date 08/19/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 18.0
Deal Size ($mm) $180
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/20/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 18.0
Deal Size ($mm) $180
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EarlyBirdCapital
Stephens Inc.
Company Data
Headquarters Denver, CO, United States
Founded 2021
Employees at IPO 5

Accretion Acquisition (ENERU) Performance