Flame Acquisition Corp. a annoncé le prix de son 250 millions de dollars d'introduction en bourse this evening and its units are expected to begin trading on the Nasdaq under the symbol “FLMEU,” on Thursday, February 25.

Flame Acquisition Corp. aims to combine with 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. The new company is led by Chairman, Chief Executive Officer and President James C. Flores and Chief Financial Officer and Secretary Gregory D. Patrinely.

Le nombre total de transactions SPAC pour 2021 depuis le début de l'année est désormais de 175. Cette offre devrait être clôturée le lundi 1er mars.

Cowen and Intrepid Partners are acting as joint book-running managers for the offering.  Latham & Watkins LLP is agissant à titre de conseil de l'émetteur auprès de Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company is acting as trustee.