Switchback Energy Acquisition Corp. kicked off its IPO on July 22 with the roughly $300 million in projected proceeds earmarked for North America energy deals.

Former RSP Permian executives Scott McNeill, Jim Mutrie and Josh Rosinski organized the new blank check company earlier this year with backing from Natural Gas Partners LP.

Switchback, a special purpose acquisition company or SPAC, was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

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