Denham Sustainable Performance Acquisition, a blank check company targeting Denham Capital targeting the global energy transition ecosystem, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Boston, MA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Denham Sustainable Performance Acquisition would command a market value of $250 million.
The company is led by Chairman Stuart Porter, the founder, CEO, and CIO of Denham Capital, and CEO and Director Jordan Marye, a Managing Partner of Denham. The company plans to target the global energy transition ecosystem.
Denham Sustainable Performance Acquisition was founded in 2021 and plans to list on the NYSE under the symbol DSPQ.U. UBS Investment Bank and Cowen are the joint bookrunners on the deal.
