Renaissance Capital logo

Recharge Acquisition Priced, Nasdaq: RCHGU

Blank check company founded by former MTC Technologies and Marathon Petroleum executives (liquidated).

Industry: SPAC

First Day Return: -1.0%

Industry: SPAC

We are a blank check company. We will seek to capitalize on the decades of experience and relationships of our management team, including Anthony Kenney, our Chief Executive Officer and director nominee. Mr. Kenney previously worked for Marathon Petroleum Corporation for the past 43 years and recently retired as President of its Speedway division, which he led since 2005. e also seek to capitalize on the experience of Michael Gearhardt, our Chief Financial Officer, who has significant public company management experience having served as Executive Vice President, Chief Financial Officer of MTC Technologies (MTCT). Rajesh Soin, our Chairman, previously founded MTCT and served as Chairman and Chief Executive Officer for approximately 18 years until its initial public offering in 2002, when he became Chairman. MTCT was sold to BAE Systems Inc. in 2008 for approximately $450 million. Our acquisition strategy will leverage Mr. Kenney’s network of long-standing relationships and industry contacts as well as inbound opportunities to source a business combination. Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating acquisition opportunities, but we may decide to enter into our initial business combination with a target business that does not meet these criteria and guidelines.
more less
IPO Data
IPO File Date 09/08/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/30/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $200
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Sarasota, FL, United States
Founded 2020
Employees at IPO 2

Recharge Acquisition (RCHGU) Performance