New York-headquartered Global Hydrogen Energy said in a May 15 news release that it plans to go public with a planned merger with special purpose acquisition company Dune Acquisition Corp. in a deal valued at $112 million. (Source: Shutterstock.com)
New York-headquartered Global Hydrogen Energy said in a May 15 news release that it plans to go public with a planned merger with special purpose acquisition company Dune Acquisition Corp. in a deal valued at $112 million.
The hydrogen pure-play and carbon recovery project developer mainly targets renewable waste as feedstock to generate industrial gases to sell. The proposed merger, which has been approved by Dune’s Board of Directors as well as managers and unitholders of Global Hydrogen, is expected to close the second half of 2023 subject to approval by Dune’s stockholders and customary closing conditions, the news release stated.
Upon closing, the combined company will be called Global Gas Corp. and be listed on Nasdaq under the new ticker symbol HGAS.
Recommended Reading
Summit Midstream Sells Utica Interests to MPLX for $625MM
2024-03-22 - Summit Midstream is selling Utica assets to MPLX, which include a natural gas and condensate pipeline network and storage.
Summit Midstream Launches Double E Pipeline Open Season
2024-04-02 - The Double E pipeline is set to deliver gas to the Waha Hub before the Matterhorn Express pipeline provides sorely needed takeaway capacity, an analyst said.
Kinder Morgan Exec: Don’t Count Out Midstream in M&A Frenzy
2024-04-02 - Kinder Morgan’s Allen Fore said 2024 should be an ‘interesting’ year in M&A during a discussion at DUG GAS+ Conference and Expo.
Baker Hughes Tapped for NatGas, Hydrogen Technology
2024-04-03 - Baker Hughes will provide three of its NovaLT 12 gas turbine driven compressor trains for a new gas compressor station in Sulmona, Italy.
Imperial Oil Shuts Down Fuel Pipeline in Central Canada
2024-03-18 - Supplies on the Winnipeg regional line will be rerouted for three months.