Enphys Acquisition Corp. Announces Price Increase of $300 Million Initial Public Offering

Published: Oct 5 2021 at 20:45 CDT|Updated: 1 hour ago

NEW YORK, October 5, 2021 /PRNewswire/ –Enphys Acquisition Corp. (the “Company”) today announced the price of its first public offering of 30,000,000 units at a price of $10.00 per unit. The shares are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “NFYS.U” from October 6, 2021. Each unit consists of one common A share of the Company and half of one redeemable warrant. Each whole warrant entitles its holder to purchase one common A share of the Company at an exercise price of $11.50 per part. After the securities comprising the units are traded separately, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “NFYS” and “NFYS WS”, respectively. The offer is expected to close on October 8, 2021.

The company is led by CEO and director Jorge de Pablo, the founder and Managing Partner of LAIG Investments, an investment firm focused on the energy and mobility sectors in Ibero-America, and Chair Carlos Guimaresa placeholder image, the president of LAIG, along with: CFO and Director Pr Lindstrm, CIO of i(x) investments and COO Matas de Bujn, general manager of LAIG. The supply has been increased from an supply of 25,000,000 units on $10.00 per unit up to a supply of 30,000,000 units at $10.00 per unit.

While the company may pursue a business combination in any industry or geographic location, it plans to target companies primarily active in Ibero America whose business strategy is aligned with the energy transition and sustainability themes, especially renewable energy.

Credit Suisse Securities (USA) LLC and BTIG, LLC are acting as joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase an additional 4,500,000 units at the initial public offering price to cover any over-allotments.

A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission (the “SEC”) on October 5, 2021. This press release does not constitute an offer to sell or a solicitation of an offer to purchase, nor will there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offer is made solely by means of a prospectus. Where available, copies of the prospectus relating to this offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560 by phone at (800) 221-1037 or by email at [email protected] or from BTIG, LLC, 65 East 55th Street, New York, New York 10022, or email: [email protected].

Warning Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering and the search for a first business combination. No warranty can be given that the offering discussed above will be completed on the terms described, if at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC, which is available on the SEC -website, www.sec.gov. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Enphys Acquisition Corp.

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