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New Startup E&P Company Files IPO to Raise $350 Million
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New blank-check company East Resources Acquisition Co. has filed its IPO, according to an S-1 document filed with the SEC.
The company is led by CEO & Chairman Terrence Pegula, whose former company, East Resources Inc., was acquired by Shell in 2010 for $4.7 billion.
The company will be looking to raise $345 million in the IPO, offering 34,500,000 units at $10/share. It has also granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units to cover over-allotments, if any.
East Resources' sponsor is listed as East Sponsor LLC.
About East Resources Acquisition Co.East Resources Acquisition Company is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or…
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