East Resources Acquisition Company
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $345.00M |
|---|---|
| IPO Date | Jul 23, 2020 |
| CEO | Terrence (Terry) M. Pegula |
| Left Lead | Wells Fargo |
| IPO Cash in Trust | 100.0% |
| SPAC Tenor | 24 + 6 + 6 |
| IPO Sector |
Energy
Energy in North America |
| IPO Geography | US/Canada |
| Target Company | Abacus |
| Deal Announced | Aug 30, 2022 |
| Deal Size, $M | $618.00M |
| Deal Sector | Financial |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Jun 29, 2023 |
| Amendment Vote | Jan 20, 2023 |
| Closing Date | Jul 3, 2023 |
Formerly ERES
ABL
ABLLW
| Price | $8.86 |
|---|---|
| Last closing price | $8.43 |
| H/L, today | $8.40 / $9.21 |
| H/L, 52-week | $5.47 / $10.75 |
| Volume, today | 84,233 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 10 directors & officers
- 38 filings and events
- 1 underwriters
- 1 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Terrence (Terry) M. Pegula | 69 | Chairman, CEO, and President |
| Gary L. Hagerman, Jr. | 42 | CFO, Treasurer |
| John P. Sieminski | 62 | General Counsel and Secretary |
| Adam Gusky | 45 | CIO |
| Ben Wingard | 33 | Vice President, Business Development |
| Jacob Long | 32 | Vice President, Operations |
| James S. Morrow | 48 | Director |
| William A. Fustos | 62 | Director |
| Thomas W. Corbett, Jr. | 71 | Director |
| Thomas A. Lopus | Director |
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Advisors
Underwriters
| Wells Fargo | BR | 30,000,000 | units |
| 30,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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