Heidmar to go public via a SPAC merger with Home Plate Acquisition in a $261m deal.

Heidmar, a commercial and pool management business servicing the crude oil and refined petroleum product tanker market, agreed to go public via a SPAC merger with Home Plate Acquisition, a special purpose acquisition company, in a $261m deal. “We are delighted to announce our entry into a definitive agreement to merge with Home Plate and list Heidmar on Nasdaq. This is our most transformative transaction since taking leadership of the company in 2020 and having grown revenues from approximately $5m in 2021 to $53m estimated in 2023. Our asset light business as a single platform aggregator of maritime services offering fee-based commercial management services to the tanker industry provides investors an alternative to participate in the sector at a time when the tanker industry is enjoying very favorable and sustainable fundamentals," Pankaj Khanna, Heidmar CEO.