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CM - NGP & former RSP Permian team set up Switchback IPO - August 2019
New special purpose acquisition company Switchback Energy Acquisition Corp.
priced an initial public offering of 30 million units at $10 each on July 29. The blank
check company was formed in May by reunited members of RSP Permian and its
former private equity backer NGP to do it all again, this time through
NGP Natural Resources II.
Each unit consists of one
Class A common share and one-third of
a redeemable warrant to buy another common share at $11.50. The units......
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