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Flame Acquisition Priced, NYSE: FLME.U

Blank check company led by oil and gas veterans targeting the energy sector.

Industry: SPAC

Latest Trade: $9.97 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: -0.3%

Industry: SPAC

We are a newly incorporated blank check company. Although we may pursue our initial business combination in any business, industry or geographic location, we currently intend to focus on opportunities that capitalize on the expertise and ability of our management team, particularly our Chairman, Chief Executive Officer and President, James C. Flores, to identify, acquire and operate a business in the energy industry, primarily targeting the upstream exploration and production (E&P) sector, midstream sector and companies focused on new advancing technologies that are transformative and provide the potential for and means to achieve greater profitability in the broader energy sector. We will seek to capitalize on the significant experience and vast network of our management team, our Board and our initial stockholders to complete our initial business combination. We believe our team’s extensive background in acquiring businesses and assets across the energy value chain and creating long-term shareholder value, combined with historical low crude oil and natural gas prices and resulting lack of capital availability for energy companies and assets, will provide an opportunity to execute a potentially transformational business combination.
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IPO News for Flame Acquisition
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IPO Data
IPO File Date 02/05/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/24/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Houston, TX
Founded 2020
Employees 2