TRTL - Industrial power company One Energy to go public via SPAC deal

2023-08-15 08:20:52 ET

• One Energy Enterprises Inc and energy transition focused special purpose acquisition company TortoiseEcofin Acquisition Corp III ( NYSE: TRTL ) on Tuesday announced a definitive business combination agreement.
• One Energy Enterprises Inc (One Power) will be the combined business of the public company, which will be renamed One Power Company.
• Securities of the combined company are expected to be listed on the New York Stock Exchange under the ticker symbol “ONEP”.
• One Power’s founder and Chief Executive Officer, Jereme Kent, who is expected to be the CEO of the combined company after the deal, has agreed to contribute half of his pro forma One Power shares to a non-dilutive Contingent Share Rights ( CSR ) structure.
• Source: Press Release

For further details see: