Thursday evening, AMCI Acquisition Corp. filed for a $200 million SPAC IPO with a focus on the global natural resources sector and related infrastructure, value chain and logistics businesses. AMCI will be led by Hans Mende, as Executive Chairman of the Board, and William Hunter, as CEO, CFO and Director.

Mr. Mende is a big presence is the natural resources space having founded American Metals and Coal International (AMCI) and AMCI Capital, which comprise the AMCI Group of companies. AMCI Group manages natural resources assets across the value chain of energy and metal commodities with strategic investments in steelmaking coal, minerals, metals, energy and transportation and has invested over $1.5 billion in more than 45 Natural Resource and METS transactions.

Again, this is a standard SPAC structure of 100% in trust, 1 share + 1/2 warrant structure, but there is the addition of a $50 million forward purchase of units by the sponsor (AMCI).

In addition, this will Jefferies fourth cover since August and third as book-runner (Forum II, Spartan Energy, Arya Sciences, AMCI).  Jefferies has really come out swinging in the past three months and will be a serious challenger in the forthcoming league tables.

AMCI Acquisition Corp. Summary of Terms:

• Focus:  Global natural resources
• Size: $200 million
• 100.0% held in trust ($10.00 per share)
• Life: 24 months
• $10.00 unit comprised of one Share Class A Common Stock + 1/2 Warrant 
• Warrant call for redemption trigger: > $18.00 (cash or cashless exercise)
• At-risk Capital: $5.5 million (5,500,000 warrants at $1.00)
• Limitation on Redemption Rights: 15%
• Underwriter fees: 2.0% + 3.5% deferred
• Forward purchase by Sponsor: $50 million (5,000,000 units at $10.00)

Jefferies is sole book-running manager.
Ellenoff Grossman & Schole LLP and Skadden, Arps, Slate, Meagher & Flom LLP are Issuer’s Counsel and Underwriter’s Counsel, respectively.