From deep in the heart of Texas: Alussa Energy Acquisition Corp. II (ALUB.U) of Austin priced its SPAC IPO last night and raised $250 million. The deal’s size: 25 million units at $10.00 each – with each unit consisting of a share of stock and one-third of one redeemable warrant – the terms in the prospectus.
Alussa Energy Acquisition Corp. II (ALUB.U) opened at $10.05 – up 5 cents from its SPAC IPO price – in its debut today – Thursday, Nov. 13, 2025 – on the New York Stock Exchange. Alussa Energy Acquisition II ended the day at $10.04 on volume of 5,487,842.
Santander was the sole book-runner.
Alussa Energy Acquisition Corp. II (ALUB.U) intends to focus on businesses in the energy and power infrastructure sectors, especially those involved in the transition to renewable energy, according to the prospectus.
“We will seek to acquire one or more businesses with an aggregate enterprise value of approximately $1.0 billion to $1.5 billion,” Alussa Energy Acquisition Corp. II said in the prospectus.
W. Richard Anderson, chairman of the board, is the CEO of Coastline Exploration Limited, which has deep water offshore exploration licenses in Somalia.
CEO Ole Slorer is a seasoned finance and energy industry executive who was a managing director and the global head of energy research at Morgan Stanley, where he worked from 2001 to 2018. After Morgan Stanley, he spent over four years at BTIG, where he was a managing director and the head of energy and shipping investment banking
CFO Benjamin Atkins is a co-founder and a partner of Rugen Street Capital.
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