Samos Energy Acquisition Corporation, a Cayman Islands SPAC focused on traditional international energy assets, is conducting an initial public offering of 20,000,000 units at $10.00 per unit, for a total of $200,000,000. Each unit consists of one Class A ordinary share and one-half of one warrant; each whole warrant allows purchase of one Class A share at $11.50.
The company has granted underwriters a 45-day option to buy up to 3,000,000 additional units. Gross proceeds of $200.0 million (or $230.0 million with full over-allotment), plus $6.0 million from the sale of 6,000,000 private placement warrants, will be placed in a U.S. trust account at $10.00 per unit. Public shareholders may redeem their Class A shares for cash upon completion of a business combination or certain extensions, and the SPAC has 24 months from closing to complete an initial business combination.
The sponsor holds 5,750,000 Class B founder shares (20% of post-IPO shares, assuming no over-allotment), acquired for $25,000, and will buy 4,000,000 private placement warrants at $1.00 each; Cantor Fitzgerald & Co. will buy 2,000,000 private warrants. The structure includes anti-dilution protections for founder shares and multiple potential sources of dilution for public shareholders, highlighted in detailed dilution tables and risk factors.