02:52 PM EST, 11/14/2025 (MT Newswires) -- Alussa Energy Acquisition (ALUBU, ALUB) completed its initial public offering, raising $287.5 million in gross proceeds.

The offering of 28.75 million units at $10 per unit included 3.75 million units from the underwriter's full exercise of its overallotment option, the blank-check company said Friday in a statement.

Alussa concurrently closed a private placement of 2.5 million warrants at $1 per warrant to its sponsor, Alussa Energy Sponsor II, generating an additional $2.5 million in gross proceeds.