Acquisition-Hungry KLR Energy Launches $80 Million IPO

摘要

KLR Energy Acquisition Corp. said March 10 it has priced its IPO of 8 million units at $10 per unit. The Houston company, an E&P fo- cused on acquisitions, granted under- writers a 1.2 million share greenshoe option. KLR Energy is sponsored by an affili- ate of KLR Holdings LLC. The company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorga- nization or similar business combination with one or more businesses or entities, according to the release.