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Completed · 15 Nov 2023HNRAU · NYSECIK 1842556Sponsor at IPO: HNRAC Sponsors LLC

HNR Acquisition Corp.

Now EON Resources Inc. · Name history

$88MTrust raised at IPO · 14% of public shares left after its last counted vote

Merged with HNR Acquisition Corp (HNRA) · Energy and utilities

  1. IPO11 Feb 2022
  2. Searching12 months
  3. Deal announcedAgreement signed
  4. Closed15 Nov 2023

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Smaller than 78% of 2022’s SPAC IPOs.

    $86.3M raised, against a median of $115M for the 83 SPACs that priced in 2022.

  2. 02

    86% of public shares redeemed across 2 votes.

    1 extension vote and the merger vote, counted from the SPAC’s 8-Ks. 14% of the public shares remained after the last one.

  3. 03

    Closed its merger 21 months after its IPO.

    The combined company is HNR Acquisition Corp (HNRA). Sector: Energy and utilities.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2022 SPAC IPOs →
IPO priced
11 Feb 2022
IPO closed
15 Feb 2022
Raised
$86.3M1
Units sold
8,625,0002
Trust raised
$88M3
Trust per unit
$10.204
Unit
1 sh + 1 warrant5
Months to complete
126
Deadline before extensions
15 Feb 2023
Over-allotment
Exercised in full

Each unit: “one share of common stock and one redeemable warrant (each warrant to purchase three quarters of one share of common stock)”

Name history

The same company under every name it has filed with the SEC, tracked by its CIK, 1842556. This page keeps its IPO name; the others lead here.

  1. HNR Acquisition Corp.At IPO27 Jan 2021 – 16 Sept 2024
  2. EON Resources Inc.Now16 Sept 2024 – today

Dates are those EDGAR records for each name, as of 16 October 2026. A name change follows a shareholder vote or a merger’s closing, and is reported in an 8-K.

How it compares

HNR Acquisition Corp. against the 83 SPACs that priced in 2022.

Raised
$86.3M
69% of 2022 SPACs are above it
2022 median: $115M
Trust per unit
$10.20
29% of 2022 SPACs match it
2022 median: $10.20
Months to complete
12
33% of 2022 SPACs match it
2022 median: 15
Redeemed across its votes
86%
74% of 2022 SPACs are above it
2022 median: 98%

Trust and redemptions

  1. Extension vote · 11 May 20234,115,597 of 8,625,000 redeemed (48%)
  2. Merger vote · 13 Nov 20233,323,707 of 4,509,403 redeemed (74%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Bookrunners

Company counsel

Underwriters’ counsel

Sponsor

No other SPAC from HNRAC Sponsors LLC or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2022 SPAC IPOs with EF Hutton as bookrunner.

SPACIPORaisedUnitStatus
Plutonian Acquisition Corp.9 Nov 2022$57.5M1 sh + 1 warrant + 1 right (1/6)Completed
EF Hutton Acquisition Corp I8 Sept 2022$115M1 sh + 1 warrant + 1 right (1/8)Completed
Embrace Change Acquisition Corp.9 Aug 2022$73.9M1 sh + 1 warrant + 1 right (1/8)Searching
Pono Capital Two, Inc.4 Aug 2022$115M1 sh + 1 warrantCompleted
Mobiv Acquisition Corp3 Aug 2022$100M1 sh + 1 warrantCompleted

Sources

  1. PFinal prospectus: 0001213900-22-007637
  2. 1Gross proceeds: 0001213900-22-008086As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $86,250,000, prior to deducting underwriting discounts, commissions, and other Offering expenses.
  3. 2Units sold: 0001213900-22-008746consummated its initial public offering (“IPO”) of 8,625,000 of its public units (“Public Units”).
  4. 3Trust raised: 0001213900-22-008746At February 15, 2022, the assets totaling held in the Trust Account totaling $87,975,000 were held in cash.
  5. 4Trust per unit: 0001213900-22-007637Upon consummation of this offering, an aggregate of $76,500,000 (or approximately $87,975,000 if the underwriter’s over-allotment option is exercised in full) or $10.20 per unit sold to the public in this offering will be deposited
  6. 5Unit composition: 0001213900-22-007637Each unit has an offering price of $10.00 and consists of one share of our common stock and one redeemable warrant.
  7. 6Months to complete: 0001213900-22-007637If we are unable to consummate an initial business combination within 12 months (or within 18 months if we extend the period of time to consummate a business combination, as described in more detail in this prospectus)

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.