- Wednesday, October 16, 2024
Global Hydrogen Energy, an industrial gas supplier, and Dune Acquisition, a blank-check company, have announced that shareholders of the special purpose acquisition company (SPAC) have approved a deal that will result in the combined company going public. The newly formed entity will be named Global Gas.
Shares of Global Gas are expected to commence trading on the Nasdaq Capital Market under the ticker symbol HGAS on or around Dec. 22.
With a focus on both private and publicly funded hydrogen development and carbon recovery projects, including those supported by government entities at the local, county, state, and national levels, Global Gas aims to play a significant role in this sector. The company is especially keen on utilizing renewable waste as feedstock for the production of industrial gases.
Nevertheless, Global Gas has indicated that it anticipates receiving a delisting notice from the Nasdaq due to its failure to meet initial listing standards. However, the company is determined to address this issue promptly by requesting a hearing before the Nasdaq Hearings Panel and making every effort to satisfy the necessary listing requirements.
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