Glori Energy, backed by investors including Energy Technology Ventures, has announced a merger deal with Infinity Cross Border Acquisition Corporation.
Glori Energy, a Houston-based tech startup that specialises in increasing oil production from mature oil fields that have reduced productivity, has announced a merger and share exchange agreement with Infinity Cross Border Acquisition Corporation. Following the transaction, which has been valued at approximately $185m, Glori Energy Inc. will become a publicly listed company on the Nasdaq Capital Market under the ticker symbol GLRI.
Previously, Glori Energy secured $14m investment in series B funding, and series C funding of $20m, led…
