Market Chatter: HGP Intelligent Energy Plans to Go Public in SPAC Deal at $1.2 Billion Valuation

MT Newswires Live09-08 21:33

HGP Intelligent Energy is planning to go public via a blank-check vehicle in a deal that would value it at about $1.2 billion, Bloomberg reported Tuesday quoting unnamed sources.

The report said the nuclear services company plans to merge with Meshflow Acquisition Corp. (MESH).

Proceeds from the deal will be used to back technology designed to allow nuclear reactors to handle the real-time swings in demand from AI data centers, the report said.

HGP Intelligent Energy and Meshflow Acquisition didn't immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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