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Glenfarne Merger Priced, Nasdaq: GGMCU

Blank check company formed by Glenfarne Group targeting energy transition and electrification (liquidated).

Industry: SPAC

Latest Trade: $9.98 +0.13 (+1.3%)

First Day Return: -0.8%

Return from IPO: -1.5%

Industry: SPAC

We are a blank check company. Glenfarne Merger is an affiliate of Glenfarne Group. We will seek to capitalize on the significant experience and business network of our management team, led by Brendan Duval, in consummating an initial business combination. Although we may pursue an initial business combination in any business, industry or geographic location, we currently intend to focus on companies that provide value-accretive opportunities in the Energy Transition & Electrification sector in the Americas. We intend to evaluate both private and public companies as potential targets, focusing on opportunities that we believe present the potential for an appropriate risk-adjusted return profile for stockholders. Our objective is to generate an attractive return for our stockholders. Notwithstanding the foregoing, our efforts in identifying a prospective target company or business will not be limited to a particular industry or geographic region. Founded in 2011 by Mr. Duval, Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston. Since its founding, Glenfarne has been active at the forefront of the global energy transition, supporting widespread access to sustainable, low cost, and clean power.
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IPO Data
IPO File Date 02/17/2021
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 03/18/2021
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
Mizuho Securities
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees 5
Website www.glenfarnegroup.com

Glenfarne Merger (GGMCU) Performance