By Stephen Nakrosis
Industrial gas supplier Global Hydrogen Energy and blank-check company Dune Acquisition said the SPAC’s shareholders approved a deal that will see the combined company go public.
Shares of the combined company, Global Gas, are expected to begin trading on the Nasdaq Capital Market under the symbol HGAS on or about Dec. 22.
The combined company “targets both private and publicly funded hydrogen development and carbon recovery projects, including projects supported by local, county, state and national-level governments,” the companies said Thursday. Global Gas said it primarily targets renewable waste as feedstock to generate industrial gases.
Global Gas also said it expects to receive a delisting notice from the Nasdaq staff for failure to satisfy initial listing standards, adding it plans to timely request a hearing before the Nasdaq Hearings Panel and work to satisfy the initial listing standards.
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