DJ Blank Check Co. Project Energy Reimagined Acquisition Files For IPO
By Michael Dabaie
Blank check company Project Energy Reimagined Acquisition Corp. filed for an initial public offering of 30 million units.
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50.
Project Energy Reimagined said it would focus on targets that enable what the company calls the "Electric Grid 2.0".
"The "Electric Grid 2.0" addresses several mega trends that are creating a long tail of value-creating opportunities within the energy storage value-chain," the company said in its SEC filing.
These include climate change and mandated reduction of global greenhouse gases emissions, electrification of transportation and second life use of batteries and end of life battery recycling, the company said.
The company said it would apply to list on Nasdaq.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 25, 2021 12:56 ET (16:56 GMT)
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