Alussa Energy Acquisition II, a blank check company targeting energy and power infrastructure, raised $250 million by offering 25 million units at $10.00. Each unit consists of one share of common stock and 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.
Alussa Energy Acquisition II plans to list on the NYSE under the symbol ALUB.U. Santander acted as sole bookrunner on the deal.
