East Resources Acquisition Co
Completed 2023-06-30- CIK 1814287
- ERES
- Now ABL
- IPO 2020-07-24
- $29.4M trust
- 441 filings
Successfully merged with Abacus Life • Now trading as ABL
- IPO Size
- $345M
- raised at the IPO
- Trust
- $29.4M
- as of 2023-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
441 filings over 26 quarters; violet bars carry a milestone
- 20 Q2: 1 filing
- 20 Q3: 35 filings
- 20 Q4: 4 filings
- 21 Q1: 4 filings
- 21 Q2: 3 filings
- 21 Q3: 8 filings
- 21 Q4: 3 filings
- 22 Q1: 5 filings
- 22 Q2: 8 filings
- 22 Q3: 14 filings
- 22 Q4: 18 filings
- 23 Q1: 15 filings
- 23 Q2: 19 filings
- 23 Q3: 35 filings
- 23 Q4: 39 filings
- 24 Q1: 21 filings
- 24 Q2: 21 filings
- 24 Q3: 7 filings
- 24 Q4: 41 filings
- 25 Q1: 10 filings
- 25 Q2: 30 filings
- 25 Q3: 18 filings
- 25 Q4: 16 filings
- 26 Q1: 21 filings
- 26 Q2: 22 filings
- 26 Q3: 23 filings
- S-1 filed 20 Q2
- IPO 20 Q3
- Definitive agreement 23 Q2
- Completed 23 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
East Resources Acquisition Company is a newly organized blank-check company seeking a combination in the energy industry, particularly oil and natural gas exploration and production assets; it reserves the right to pursue an opportunity in any industry.
Investment Focus
Energy, Oil & Gas
Geographic Focus
North America
Key Information
As the filings state it
- IPO Date
- 2020-07-24
- Total Redemptions
- $332M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2023-06-30
- Merger Target
- Abacus Life
- SPAC Ticker
- ERES
- Merged Ticker
- ABL
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Terrence (Terry) M. Pegula, whose background includes more than 40 years forming and operating oil and gas companies, the management and board bring energy operations, investment, finance and transaction experience.