Autor: venred

SINGAPORE, Jan. 6, 2021 /PRNewswire/ – Ivanhoe Capital Acquisition Corp. (the «Company») today announced the pricing of its upsized initial public offering of 24,000,000 units at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange (the «NYSE») and trade under the ticker symbol «IVAN.U» beginning on January 7, 2021. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols «IVAN» and «IVAN WS,» respectively.

Ivanhoe Capital Acquisition Corp. is a blank-check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to seek a target in industries related to the paradigm shift away from fossil fuels towards the electrification of industry and society.

Morgan Stanley is acting as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the «SEC») on January 6, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward Looking-Statements

This press release contains statements that constitute «forward-looking statements,» including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE Ivanhoe Capital Acquisition Corp.

JACKSONVILLE, Fla., Jan. 6, 2021 /PRNewswire-PRWeb/ — Crowley Shipping has formed a New Energy division strategically focused on diverse services supporting the emerging energy sectors in the U.S. and adjacent regions – concentrating in offshore wind and liquefied natural gas (LNG). The new division builds on the success of the company’s 53-year history of support in the oil and gas industry with U.S.-flag vessel assets, engineering, and logistics services, many of which quickly and easily pivot for the new sector.

«At Crowley, we have a strong company culture of environmental stewardship and sustainability in not only our own operations, but in our services to customers.,» said Chairman and CEO Tom Crowley. «The New Energy division captures our commitment to those cultural principles while delivering the innovative solutions that help customers in these emerging sectors succeed.»

Matt Yacavone, senior vice president and general manager, Crowley Shipping, shared, «The New Energy division is the next evolution in our prioritization of this market with a singular focus on developing and delivering access and support to more sustainable energy sources to our customers. We can draw upon our broad portfolio of engineering and naval architecture, multi-faceted supply chain solutions, and 129 years of maritime transportation to deliver tailored, reliable results.»

Crowley has provided LNG distribution services since 2013, when it acquired Carib Energy LLC, the first company to receive a small-scale LNG export license from the U.S. Department of Energy (DOE) for LNG transportation from the U.S. into Free Trade Agreement (FTA) countries.

Since that time, Crowley has expanded its LNG services to include not only sourcing and distribution services for industrial and commercial customers, but also microgrid solutions, engineering services and vessel fuel bunkering services. This expertise includes fueling of its own LNG-powered combination container/roll-on roll-off (ConRo) vessels, which operate weekly in the U.S. mainland-to-Puerto Rico liner cargo trade.

Offshore wind power projects are emerging in the U.S. The company expects its expansion in the offshore wind industry to be as a total lifecycle service provider, with tailored solutions in support of the entire project. The solutions include:

• transportation of turbines during construction
• designs for industry-specific support vessels
• shoreside terminaling
• supply chain services from farm construction through decommissioning.

«Crowley takes the one-source concept to the next level as a lifecycle service provider,» said Jeff Andreini, vice president, New Energy division, Crowley. «We have engineered solutions to assist our industry partners in the installation of their wind farms, and once the project is complete, wind power companies can continue to turn to Crowley for operations and maintenance as well as help managing the terminal and vessel activity.»

«Wind power companies entering the U.S. market have big needs—infrastructure and supply chain just for starters,» said Andreini. «Because of the newness of the American market, it’s hard for companies to know what they don’t know or will need. Facing this uncertainty, Crowley provides a turnkey supply chain solution for piecing these massive projects together.»

About Crowley
Jacksonville, Fla. – based Crowley Holdings Inc., is the parent company of the 129-year-old Crowley Maritime Corporation, a privately-held, family- and employee-owned company that provides worldwide logistics, government, marine and energy solutions. Crowley operates with four business units: Crowley Logistics, a supply chain management division that includes logistics and ocean liner cargo transportation services; Crowley Shipping, which encompasses ownership, operations and management of conventional and dual fuel (LNG) vessels, including tankers, container ships, multipurpose tugboats and barges; sustainable energy solutions for the emerging offshore wind and liquefied natural gas (LNG) sectors; engineering; project management; naval architecture and vessel construction management; Crowley Fuels, a fuel transportation, distribution and sales division in Alaska; and Crowley Solutions, which focuses on global government services and program management including, ship management, expeditionary logistics, technology solutions, energy solutions and freight transportation and logistics services. Additional information about Crowley, its subsidiaries and business units may be found at http://www.crowley.com.

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Media Contact

David DeCamp, Crowley, 904-727-4263, david.decamp@crowley.com

SOURCE Crowley