CENAQ Energy Corp. has priced its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market and will trade under the ticker symbol “CENQU.” Each unit issued in the offering consists of one share of the company’s Class A common stock and three-quarters of one warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaw under the symbols “CENQ” and “CENQW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Imperial Capital LLC and I-Bankers Securities Inc. are acting as book runners for the offering.