Enphys Acquisition Corp.
NFYS-UN
New York Stock Exchange11.00
USD
+0.05
- -
CIK
0001850502
Return %
Stock
S&P500
1Y
5.26
18.21
3Y
12.24
64.38
5Y
12.24
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jorge De Pablo Cajal
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 216 East 45th Street New York City NY United States of America 10017
- IPO Date
- Oct 6, 2021
- CIK
- 0001850502
- Website
- enphyspac.com
- Similar Companies
- Business
- Enphys Acquisition Corp. (NYSE: NFYS-UN) is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting companies in energy transition and sustainability themes with a focus on renewable energy assets; its intended acquisition markets include businesses predominantly operating in Ibero-America, particularly Latin America, which offers best-in-class wind and solar resources, reliable transmission networks, and strong political support for clean energy initiatives. The company, incorporated in 2021 as a Cayman Islands exempted company and sponsored by Enphys Acquisition Sponsor LLC, maintains its headquarters at 100 Wall Street, 20th Floor, New York, New York, with additional address references at 216 East 45th Street, 13th Floor. As a special purpose acquisition company without current significant operations or revenue-generating products or services, it holds cash proceeds from its 2021 initial public offering of 34.5 million units at $10 each, raising $345 million, primarily allocated to a trust account pending a de-SPAC transaction. In August 2023, Enphys signed a non-binding letter of intent for a business combination with an unnamed leading advanced biofuels company in Latin America following extensive due diligence, though no definitive agreement has been announced and the target remains unidentified. The company has pursued multiple extensions of its initial business combination deadline, most recently to December 8, 2024 via shareholder approval in June 2024, amid efforts to maintain operations; however, in July 2024, NYSE Regulation commenced delisting proceedings for its Class A ordinary shares (NFYS), units (NFYS-UN), and warrants (NFYS-WS) due to failure to meet the minimum $40 million average aggregate global market capitalization standard for listed acquisition companies over 30 trading days, resulting in immediate trading suspension on the exchange.