Lucosky Brookman LLP Successfully Represents EF Hutton in $100 Million Initial Public Offering of Energem Corp. Preferred Stock
Lucosky Brookman congratulates its client, EF Hutton, division of Benchmark Investments, LLC, on its successful $100 million initial public offering of Energem Corp. (Nasdaq: ENCPU). The offering consists of 10,000,000 units at $10.00 per unit. Each unit consists of one the Company’s Class A ordinary shares and one redeemable warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “ENCP” and “ENCPW,” respectively.
The Company is a blank check company formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the energy industry. The Company is led by Chief Executive Officer, Mr. Swee Guan Hoo.
Lucosky Brookman represented EF Hutton in its capacity as sole book-running manager.