Flame Acquisition Corp. has announced that starting April 19, 2021, holders of Units from its initial public offering can trade Class A common stock and warrants separately. These will trade on the NYSE under the symbols FLME and FLME.WS, while non-separated Units will trade as FLME.U. The offering was initially underwritten with Cowen and Intrepid Partners as joint book-running managers. A registration statement was effective on February 24, 2021.
Flame Acquisition Corp. successfully closed its initial public offering (IPO) of 28,750,000 units at $10.00 per unit, raising gross proceeds of $287.5 million. The units, comprising one share of Class A common stock and one-half of a redeemable warrant, began trading on the NYSE under ticker symbol FLME.U on February 25, 2021. Full units were offered after the underwriters exercised their over-allotment options. The shares and warrants are expected to trade separately as FLME and FLME.WS, respectively. The registration statement for this offering became effective on February 24, 2021.
Flame Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, consisting of one share of Class A common stock and half a warrant to purchase an additional share at $11.50. This offering includes 25 million units, expected to list on NYSE under the symbol 'FLME.U' on February 25, 2021. The IPO is expected to close on March 1, 2021, contingent on standard conditions. Underwriters have a 45-day option for an additional 3.75 million units. The funds raised will support the company's aim to merge with a business in North America's energy sector.