I'm LongbridgeAI, I can summarize articles.SPAC Samos Energy Acquisition priced its $200 million IPO, offering 20 million units at $10 each. The blank check company, led by energy investors including CEO Jacques Tohme, targets upstream and midstream oil & gas and thermal power sectors. Shares will trade on the NYSE under SAMO.U, with Cantor Fitzgerald serving as sole bookrunner.
Samos Energy Acquisition, a blank check company led by oil and gas investors targeting the energy sector, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
Samos Energy Acquisition is led by Chairman and CEO Jacques Tohme, the co-founder and Managing Partner at Samos Energy Group, and former co-founder and director of Tailwind Energy. He is joined by CFO and director Trent Kososki, the founder and CEO of GoodPeak, and former Managing Director at Stonepeak.
The SPAC states that its strategy will be to identify, acquire and, eventually build a company in the energy industry, primarily targeting the upstream and midstream oil & gas sector, and the thermal power sector. It is not prohibited from pursuing an initial business combination with a company that is affiliated with its sponsor, officers or directors.
The New York, NY-based company will trade on the NYSE under the symbol SAMO.U. Cantor Fitzgerald acted as sole bookrunner on the deal.