KLR Energy Acquisition Corp. - 2016-03-16


The E&P unit focused on acquisitions priced its IPO of 8 million units at $10 per unit. Granted underwriters a 1.2 million share greenshoe option. KLR Energy is sponsored by an affiliate of KLR Holdings LLC, formed to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Units will trade on NASDAQ under the ticker symbol "KLREU." Closing is expected on March 16. EarlyBirdCapital is sole book-running manager. Each unit consists of one Class A common share and one warrant to purchase one share at $11.50 each.

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