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An Italian natural gas producer has revealed plans to merge with a Nasdaq-listed blank check company to boost its transition to clean energy. The deal, steered by Haynes Boone and Greenberg Traurig, marks a significant step forward for AleAnna Energy LLC.

AleAnna Energy LLC, with joint headquarters in Dallas and Rome, announced on Wednesday that it has signed a definitive merger agreement with Swiftmerge Acquisition Corp. Financial terms of the deal were not disclosed.

Haynes Boone Guides Aleanna Merger : Legal Guidance by Haynes Boone

Haynes and Boone LLP is advising AleAnna on the merger, led by partners Jennifer Wisinski, Stephen Grant, and Brent Beckert. Their expertise is expected to navigate AleAnna through this critical transition phase.

Swiftmerge’s Role and Greenberg Traurig’s Counsel

Greenberg Traurig LLP is serving as legal counsel to Swiftmerge, a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. Formed in 2021, Swiftmerge aims to merge with businesses seeking alternative routes to public listing.

AleAnna produces both conventional and renewable natural gas for Italy, a country that has traditionally relied on imports for the majority of its energy needs.

Accelerating Clean Energy Transition

Marco Brun, CEO of AleAnna, emphasized that the merger and Nasdaq listing will "enable us to accelerate our growth, strategy, and, most importantly, our mission of responsibly advancing the clean energy transition."

Equity holders in AleAnna, a private company, will roll over their existing holdings into the combined entity. AleAnna has secured nearly $175 million in investments from investors.

Haynes Boone Guides Aleanna Merger : Merger Approval and Future Plans

The boards of directors of both companies have approved the merger. William Dirks, executive director of AleAnna, stated that the merger will allow the company "to leverage the capital markets on its path to becoming a leading provider of both conventional and renewable natural gas."

The companies expect the deal to close by December, subject to customary closing conditions, including approval from Swiftmerge's shareholders. Once completed, the combined group will be renamed AleAnna Inc.