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Project Energy Reimagined Acquisition Corp. (NASDAQ: PEGRU) will ring the Nasdaq Opening Bell on December 30, 2021, celebrating its recent public listing. The company began trading on December 20, 2021, with its Class A ordinary shares and warrants under the symbols PEGR and PEGRW respectively. CEO Srinath Narayanan expressed excitement about this milestone. Project Energy focuses on merging with high-potential ESG targets in the advanced renewable energy sector, particularly in areas like grid reliability and electric vehicle infrastructure.
Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGRU) announced a partial exercise of the underwriters' over-allotment option on November 12, 2021, resulting in the issuance of an additional 1,377,660 units at a price of $10.00 each. This brings the total units issued in the initial public offering to 26,377,660 units, aggregating $263,776,600. Each unit consists of one Class A ordinary share and a half warrant, with the warrants exercisable at $11.50 per share. The company aims to focus on high-potential ESG targets related to renewable energy.
Project Energy Reimagined Acquisition Corp. closed its IPO of 25 million units, trading on Nasdaq under the symbol PEGRU since October 29, 2021. Each unit includes one Class A ordinary share and one-half warrant exercisable at $11.50 per share. The company targets ESG-focused businesses in the advanced renewable energy sector, particularly in grid reliability, electrification of transportation, and energy storage. J.P. Morgan and BofA Securities led the offering, which allows underwriters to purchase an additional 3.75 million units.
