Welcome to our dedicated page for Energem news (Ticker: ENCPU), a resource for investors and traders seeking the latest updates and insights on Energem stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Energem's position in the market.
Energem Corp. will begin allowing unit holders to separately trade shares of common stock and warrants on Nasdaq starting January 10, 2022. Each unit comprises one share of common stock and one warrant to purchase a share at $11.50. The common stock will trade under the symbol ENCP, while the warrants will trade under ENCPW. Units not separated will continue trading as ENCPU. This offering, underwritten by EF Hutton, aims to facilitate investment flexibility, but potential investors should consult the SEC for risks associated with the offering.
Energem Corp. has successfully closed its initial public offering, raising $115 million from the sale of 10 million units at $10.00 each. Each unit comprises one Class A ordinary share and a redeemable warrant, with the latter allowing purchase of a share at $11.50. The offering included an over-allotment of 1.5 million units. The securities are now listed on the Nasdaq under the ticker ENCPU, with trading commencing on November 16, 2021. The company aims to pursue merger and acquisition opportunities, primarily focusing on the energy industry.
Energem Corp. has priced its initial public offering (IPO) at $100 million, issuing 10,000,000 units at $10.00 each. The IPO will be listed on Nasdaq under the ticker symbol ENCPU, with trading expected to begin on November 16, 2021. Each unit comprises a Class A ordinary share and a redeemable warrant for purchasing an additional Class A share at $11.50. The IPO's closing date is anticipated for November 18, 2021, subject to standard conditions. The company aims to target the energy sector for future business combinations.
