JWCA advises Project Energy Reimagined Acquisition Corp on its $264 million IPO

October 2021 |  Read Press Release

Transaction Background

Project Energy Reimagined Acquisition Corp (the “Company”, “PEGR”) successfully priced an initial public offering of $264 million of its units at a price of $10.00, composed of one Class A ordinary share and one-half of one redeemable warrant

PEGR engaged J. Wood Capital Advisors to assist in the structuring, negotiation, documentation and execution of the initial public offering

JWCA assisted PEGR in the bookbuild process, identifying and targeting high quality anchor investors

JWCA provided extensive analysis on deal structuring and related items, including:

• Syndicate structure and precedent data

• Analysis on offering pricing

JWCA provided advice, support and analysis throughout the IPO process

Results

Project Energy Reimagined Acquisition Corp successfully priced an initial public offering

• JWCA supported the management team throughout the process providing execution advice and ensuring a high-quality IPO

PEGR intends to use net proceeds to complete an initial business combination

PEGR plans to employ a long-term investment strategy to target high-quality businesses within the “Electric Grid 2.0” value-chain, which addresses:

• Climate change and mandated reduction of global greenhouses gases;

• Electrification of transportation, grid reliability and stability solutions, artificial intelligence, technology and smart battery management systems, energy storage; and

• Second life use of batteries and end of life battery recycling