Project Energy Reimagined Acquisition Corp.
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $263.78M |
|---|---|
| IPO Date | Oct 29, 2021 |
| CEO | Srinath Narayanan |
| Left Lead | JP Morgan |
| IPO Cash in Trust | 100.0% |
| SPAC Tenor | 18 + 3 + 9 + 3 |
| IPO Sector |
Energy
Battery management systems that work across a broad range of technologies and that also focus on second-life applications across the entire storage ecosystem |
| IPO Geography | Global |
| Target Company | Heramba Electric |
| Deal Announced | Oct 3, 2023 |
| Deal Size, $M | $428.60M |
| Deal Sector | Energy |
| Deal Geography | Global |
| SEC Filings | www.sec.gov |
| Approval Vote | Mar 28, 2024 |
| Amendment Vote | Apr 29, 2024 |
| Closing Date | Jul 29, 2024 |
Formerly PEGR
PITA
PITAW
| Price | $0.96 |
|---|---|
| Last closing price | $1.02 |
| H/L, today | $0.95 / $1.10 |
| Volume, today | 24,670 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 8 directors & officers
- 29 filings and events
- 2 underwriters
- 2 deal advisors
- 5 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Srinath Narayanan | 53 | Chief Executive Officer, President and Director |
| Nina Jensen | 45 | Director |
| Eric Spiegel | 63 | Director |
| Michael Browning | 74 | Chairman |
| David Roberts | 44 | Chief Operating Officer |
| Prakash Ramachandran | 56 | Chief Financial Officer |
| Tim Dummer | 56 | Head of Business Strategy |
| Kathy Liu | 46 | Head of Technology Strategy |
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Advisors
Underwriters
| JP Morgan | Joint BR | 13,750,000 | units |
| BofA Securities | Joint BR | 11,250,000 | |
| 25,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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