Based what I remember energyx which is owned by Egan's son already was pursuing a SPAC deal sometime early last year, now, I don't know if they ever did it, I didn't follow it.
"Teague Egan, EnergyX's chief executive, said the funding will give the company a "war chest" to develop lithium projects in emerging economies."
"July 22 (Reuters) - Private equity firm Global Emerging Markets Group said it plans to invest $450 million in lithium startup EnergyX, which is trying to revive its business prospects in Bolivia as it prepares to go public by 2024."
But here is the real question, why would Egan sell the shell for 25,000 grand and forgive almost 2.5 million dollars in debt if they were planning this path, if it doesn't make sense, it doesn't exist.
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