04:20 AM EST, 11/13/2025 (MT Newswires) -- Alussa Energy Acquisition (ALUB) said late Wednesday it has priced its initial public offering of 25 million units at $10 per unit, for gross proceeds of $250 million.

The company said its units, consisting of one class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one class A ordinary share at $11.50 per share, will begin trading Thursday on the New York Stock Exchange under the symbol 'ALUB U'.

Alussa Energy Acquisition said once the securities separate, the class A shares and warrants are expected to trade under 'ALUB' and 'ALUB WS', respectively.

It added that it also granted underwriters a 45-day option to purchase up to 3.75 million additional units at the IPO price to cover over-allotments, if any.