AleAnna Advances Italy's Energy Transformation with Swiftmerge Deal Completion

AleAnna, Inc., an emerging leader in Italy's natural gas and renewable energy sector, has announced the successful completion of a business combination with Swiftmerge Acquisition Corp, a special purpose acquisition company. This strategic merger results in Swiftmerge rebranding as AleAnna, Inc., with shares moving to the NASDAQ under the symbol ANNA beginning December 16, 2024. AleAnna's focus on energy sustainability leverages their considerable portfolio of exploration permits in Italy, boosting both the national grid and Europe's broader clean energy transition through their innovative approach to conventional and renewable natural gas production. Significant equity contributions, totalling $175 million to date, facilitated the completion of critical energy projects such as Longanesi Field scheduled for production in early 2025. Post-transaction, AleAnna's strong capital position is poised for future exploration, having $28 million in liquid assets and no debt. With a seasoned executive team from prominent global energy firms and an expert board of directors, AleAnna is strategically positioned to navigate Italy’s energy landscape, fostering energy independence and economic growth. The company maintains operations in Dallas, TX, and Rome, signifying its dual regional focus.