An Italian natural gas producer, AleAnna Energy LLC, announced on Wednesday its plan to merge with Swiftmerge Acquisition Corp., a Nasdaq-listed special purpose acquisition company (SPAC). This strategic move aims to accelerate AleAnna’s transition to clean energy, with legal counsel provided by Haynes and Boone LLP and Greenberg Traurig LLP.
AleAnna Energy, with joint headquarters in Dallas and Rome, signed a definitive merger agreement with Swiftmerge. While the financial terms were not disclosed, the merger is poised to significantly enhance AleAnna’s capabilities and growth trajectory in the clean energy sector.
Haynes and Boone LLP is advising AleAnna, with a team led by partners Jennifer Wisinski, Stephen Grant, and Brent Beckert. On the other side, Greenberg Traurig LLP is serving as legal counsel to Swiftmerge, a SPAC formed in 2021 to facilitate mergers for companies seeking an alternative route to going public.
AleAnna is known for producing both conventional and renewable natural gas, contributing to Italy’s energy needs, which largely depend on imports. Marco Brun, CEO of AleAnna, emphasized that the merger and subsequent Nasdaq listing would “enable us to accelerate our growth, strategy, and, most importantly, our mission of responsibly advancing the clean energy transition.”
