East Resources Acquisition Co.

Description

Commenced IPO of 30 million units at a price of $10 per unit. Each unit issued will consist of one share of Class A common stock and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one share of the Class A common stock at an exercise price of $11.50 per share. Company intends to grant underwriters a 45-day option to purchase up to an additional 4.5 million units. Proceeds will be used for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America. Wells Fargo Securities LLC is sole book-runner.

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Estimated Price
$300.0MM
Financing Type
Report Date