Samos Energy Acquisition Closes $230 Million IPO

MT Newswires Live03:56

Samos Energy Acquisition (SAMO/SAMO.U) said Monday it closed its initial public offering of 23 million units at $10 apiece for gross proceeds of $230 million.

The offering comprised an additional 3 million units issued upon the exercise of an overallotment option by the underwriters, according to a statement.

Each unit comprises a class A common share and one-half of a redeemable warrant, with each warrant entitling the holder to buy a class A share, exercisable at $11.50 apiece, according to the company.

The class A shares and warrants will be listed on the New York Stock Exchange under the tickers "SAMO" and "SAMO.WS," respectively, when the securities comprising the units begin separate trading, the company said.

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