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Glenfarne Merger Corp. (NASDAQ: GGMCU, GGMC, GGMCW) has announced its intention to dissolve and liquidate due to the inability to complete a business combination within required timeframes. The company’s trust account has been liquidated, redeeming approximately 26.9 million public shares at $10.10 each on December 21, 2022, followed by an additional 339,716 shares redeemed on December 22, 2022. Trading on Nasdaq was suspended on December 16, 2022, and the company plans to file for termination with the SEC, ceasing all listings and registrations.
Glenfarne Merger Corp. (Nasdaq: GGMC) announced today that holders of units from its March 23, 2021 IPO can start trading the Class A common stock and warrants separately from May 10, 2021. Unsplit units will continue to trade as 'GGMCU,' while the Class A stock and warrants will use symbols 'GGMC' and 'GGMCW,' respectively. Glenfarne Merger Corp. is a blank check company aiming for mergers in the energy transition sector in the Americas.
Glenfarne Merger Corp. (GGMC) has successfully closed its $250 million initial public offering, consisting of 25 million units priced at $10 each. The units began trading on Nasdaq under the symbol GGMCU on March 19, 2021. Each unit includes one share of GGMC's Class A common stock and a third of a redeemable warrant, which allows the purchase of shares at $11.50 upon a business combination. GGMC aims to leverage Glenfarne Group's expertise in the energy transition and electrification sectors across the Americas.
Glenfarne Merger Corp. (GGMC) has announced its pricing for a $250 million initial public offering (IPO), consisting of 25 million units priced at $10 each. Each unit includes one share of Class A common stock and one-third of a redeemable warrant. The offering aims to target opportunities within the energy transition and electrification sector in the Americas. The IPO is expected to close on March 23, 2021, and the units will trade under the ticker symbol GGMCU starting March 19, 2021. Mizuho is the book-running manager for this offering.
