- An indirect subsidiary of Kimbell Royalty Partners LP, SPAC Kimbell Tiger Acquisition Corporation (TGR.U) has priced its initial public offering of 20M units at$10.00 per unit.
- Trading commences today on NYSE.
- Each unit consists of one share of Class A common stock and one-half of one redeemable warrant at $11.50 per share.
- The company intends to search for a target in the energy and natural resources industry in North America.
- The company is led by CEO Zachary Lunn, who currently works at Cobra Oil & Gas; Chairman Robert Ravnaas, who is currently CEO of the general partner of Kimbell Royalty Partners(NYSE:KRP); and Controller Blayne Rhynsburger, who is currently Controller of the general partner of KRP.
- Sponsor Kimbell Royalty Partner is expected to own 20% of TGR's issued and outstanding common stock.
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