FLME.U News

Flame Acquisition, a blank check company led by oil and gas veterans targeting the energy sector, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led by CEO and Chairman James Flores, the former CEO of Sable Permian...read more

Flame Acquisition, a blank check company led by industry veterans targeting the energy sector, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Houston, TX-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At...read more