Sunergy Announces $475M SPAC Merger Deal ...Middle East

Economy by : (OILPRICE) -
As blank-check SPAC mergers attempt a comeback after a volatile year, solar outfit Sunergy Renewables has announced plans to go public and list on the NASDAQ in a $475-million deal that is expected to close in the fourth quarter of this year. The black-check merger with ESGEN Acquisition Corp (ESAC.O) is intended to help Sunergy expand its solar power, battery power and energy storage business which is currently operating in Florida, Texas and Arkansas. “Proceeds to provide growth capital to Sunergy for expansion of customer offerings and…

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