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Kimbell Tiger Acquisition Priced, NYSE: TGR.U

Blank check company formed by Kimbell Royalty Partners targeting the the energy and natural resources industry (liquidated).

Industry: SPAC

Latest Trade: $10.57 0.00 (0.0%)

First Day Return: +0.8%

Return from IPO: +5.7%

Industry: SPAC

TGR is a newly organized blank check company. Although we may pursue an initial business combination in any industry, we intend to capitalize on our management team’s core competencies to focus our search in the energy and natural resources industry in North America. Our management team has extensive experience in identifying and executing large, complex transactions in the energy industry, and significant hands-on experience working with private companies in preparing for and executing an initial public offering. Our team has a history of being active owners and directors by working closely with companies to create value in the public markets. In 2017, as a part of its IPO process, KRP, which is the ultimate parent of our sponsor, negotiated the combination of assets and entities from multiple contributing parties to create the KRP public entity. We believe that this ability to form partnerships with private owners to build an entity of scale that is preferred by the public markets differentiates us as we look at potential business combinations. Our team is knowledgeable and experienced in public and private M&A dynamics across a range of sizes, and adept at using an Up-C structure such as ours to acquire assets and businesses. KRP has a proven track record of value accretive M&A using equity as acquisition currency and of returning capital to shareholders through a variable dividend. KRP has returned ~30% of its IPO unit price via cash dividends in fewer than four years.
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IPO Data
IPO File Date 07/29/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/03/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
UBS Investment Bank
Company Data
Headquarters Fort Worth, TX, United States
Founded 2021
Employees 2
Website kimbellrp.com

Kimbell Tiger Acquisition (TGR.U) Performance