Alussa Energy Acquisition II, a blank check company targeting energy and power infrastructure, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at a price of $10.00. Each unit consists of one-third of one warrant, exercisable at $11.50.
The SPAC is led by CEO and Director Ole Slorer, who previously served as a Managing Director at BTIG. He is joined by CFO Benjamin Atkins, an advisor to Alussa Energy, which he founded in 2019, and Actus Logistics, as well as a partner of Rugen Street Capital, which he co-founded, and Chairman Richard Anderson, the CEO of Coastline Exploration. The SPAC plans to target companies in the energy and power infrastructure sectors, particularly those in the sub-sectors most correlated with the continued transition towards renewable energy sources.
The Austin, TX-based company was founded in 2024 and plans to list on the Nasdaq under the symbol ALUBU. Alussa Energy Acquisition II filed confidentially on October 21, 2024. Santander is the sole bookrunner on the deal.
