Renaissance Capital logo

Greenfire Resources (M3-Brigade Acquisition III) Priced, NYSE: GFR

Third blank check company led by turnaround veteran Mohsin Meghji targeting the renewable energy space (completed 9/20/2023).

Industry: SPAC

First Day Return: +0.3%

We are a newly organized blank check company. We are led by the team that organized M III Acquisition Corp. and M3-Brigade Acquisition II Corp. Members of our team managed the Initial SPAC through an initial business combination in March 2018 to create Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) and one of our Executive Vice Presidents continues to serve on its board of directors. The Second SPAC completed its IPO on March 8, 2021 and our team is currently managing the Second SPAC as it seeks to identify an appropriate partner for its initial business combination. We were formed as an independent company by executives of M3 Partners and Brigade Capital. We intend to focus our efforts on seeking and consummating an initial business combination with a company that has an enterprise value of at least $1 billion, although a target entity with a smaller or larger enterprise value may be considered. While we may pursue an acquisition opportunity in any business industry or sector and in any geographic region, we expect to focus on businesses or companies which are based in North America and have been impacted positively or negatively by the COVID-19 pandemic and are in the renewable energy sector (or related products or services).
IPO Data
IPO Date 10/21/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $261
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 3

Greenfire Resources (M3-Brigade Acquisition III) (GFR) Performance

Created with Highcharts 10.3.2Chart context menuGFR vs. IPO Index (IPOUSA)Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index