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.
