Alussa Energy Acquisition Corp. (ALUS.U), announced the pricing of their upsized $250 million SPAC IPO this evening. Alussa’s units are expected to begin trading, tomorrow, Tuesday, November 26th, under the symbol NYSE: ALUS.U.
Alussa Energy Acquisition Corp. will be focusing on the energy sector, and more specifically, oil and gas exploration and production (“E&P”) or midstream businesses. Alussa will be led by James Musselman, as non-Executive Chairman of the Board of Directors, and Daniel Barcelo, Chief Executive Officer, President and Director.
Total SPAC deal count for 2019 year-to-date is now 56 with $12.926 billion in gross proceeds raised. The offering is expected to close on Friday, November 29, 2019.
Congratulations to all.
BTIG acted as sole book-running manager for the offering and I-Bankers Securities, Inc is acting as co-manager for the offering. Ellenoff Grossman & Schole LLP and Kirkland & Ellis LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.