New York-headquartered Global Hydrogen Energy said in a May 15 news release that it plans to go public with a planned merger with special purpose acquisition company Dune Acquisition Corp. in a deal valued at $112 million. (Source: Shutterstock.com)
New York-headquartered Global Hydrogen Energy said in a May 15 news release that it plans to go public with a planned merger with special purpose acquisition company Dune Acquisition Corp. in a deal valued at $112 million.
The hydrogen pure-play and carbon recovery project developer mainly targets renewable waste as feedstock to generate industrial gases to sell. The proposed merger, which has been approved by Dune’s Board of Directors as well as managers and unitholders of Global Hydrogen, is expected to close the second half of 2023 subject to approval by Dune’s stockholders and customary closing conditions, the news release stated.
Upon closing, the combined company will be called Global Gas Corp. and be listed on Nasdaq under the new ticker symbol HGAS.
Recommended Reading
Energy Transition in Motion (Week of Sept. 13, 2024)
2024-09-13 - Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas.
Energy Transition in Motion (Week of Nov. 1, 2024)
2024-11-01 - Here is a look at some of this week’s renewable energy news, including progress on the largest U.S. offshore wind project being developed.
Energy Transition in Motion (Week of Sept. 20, 2024)
2024-09-20 - Here is a look at some of this week’s renewable energy news, including funding for a direct lithium extraction project in Arkansas.
Energy Transition in Motion (Week of Sept. 6, 2024)
2024-09-06 - Here is a look at some of this week’s renewable energy news, including $7.3 billion in clean energy funding for rural Americans.
Energy Transition in Motion (Week of Nov. 22, 2024)
2024-11-22 - Here is a look at some of this week’s renewable energy news, including the ranking of top corporate solar users in the U.S.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.