New Energy One Acquisition Corporation is a cash shell seeking to acquire a business involved in the energy transition sector.
Conditional dealings commenced on 11 March, while unconditional dealings begin on 16 March. The £175m figure for the fundraising includes escrow account overfunding. The share price fell back to 992.5p in conditional dealings. That is still slightly above the post-flotation NAV when expenses are taken into account.
The company has 15 months to secure a busines...
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