Montauk Renewables, Inc. (MNTK)

Montauk Renewables, Inc., a Delaware corporation (“Montauk”), is a renewable energy company specializing in the recovery and processing of environmentally detrimental methane (“biogas”) from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. They develop, own, and operate renewable natural gas (“RNG”) projects, using proven technologies that supply RNG into the transportation industry and use RNG to produce electrical power for the electrical grid (“Renewable Electricity”). Having participated in the industry for over 30 years, they are one of the largest U.S. producers of RNG. They established their operating portfolio of 12 RNG and three Renewable Electricity projects through self-development, partnerships, and acquisitions that span six states and have grown their revenues from $34.0 million in 2014 to $107.4 million in 2019. Biogas is produced by microbes as they break down organic matter in the absence of oxygen (during a process called anaerobic digestion). Their two current sources of commercial scale biogas are landfill gas (“LFG”) and anaerobic digester gas (“ADG”), which is produced inside an airtight tank used to breakdown organic matter, such as livestock waste.

Industry
Gas & Other Services Combined

CEO	CFO
Sean F. McClain	Kevin A. Van Asdalan

Sean F. McClain has served as the President and Chief Executive Officer of MNK since September 2019, and as a member of the Board of Directors of MNK since August 2014. From August 2014 until September 2019, he served as Chief Financial Officer of MNK and, from April 2011 until September 2019, he served as the Chief Financial Officer of MEH and Montauk USA. Mr. McClain has more than 25 years of business and financial management experience including with public and private equity placements, debt structuring transactions, acquisitions, financial reporting, compliance and accounting. Prior to joining MEH and Montauk USA, he held various management positions with BPL Global Limited, Bayer A.G. and Dick’s Sporting Goods, Inc. and was in public accounting at Arthur Andersen LLP. He is a Certified Public Accountant. As our Chief Executive Officer, Mr. McClain’s insight into the business and related risks and challenges will contribute to the Board and in its understanding of our business and strategy.

Kevin A. Van Asdalan has served as the Chief Financial Officer and a member of the Board of Directors of MNK since September 2019. Since September 2019, he has served as Chief Financial Officer of MEH and Montauk USA. He previously served as Controller of MEH and Montauk USA from March 2018 to September 2019. Prior to joining MEH and Montauk USA, Mr. Van Asdalan served as Controller, Construction Products, Controller, Tubular Products, and Manager of External Financial Reporting at the L.B. Foster Company, a manufacturer and distributor of products and provider of service for transportation and energy infrastructure (“L.B. Foster”), from July 2011 to March 2018. Prior to L.B. Foster, Mr. Van Asdalan held senior associate positions at PricewaterhouseCoopers LLP and Sisterson & Co LLP, both accounting firms. He has 20 years of business and financial management experience including accounting, financial reporting, corporate compliance and acquisitions. He is a Certified Public Accountant and Chartered Global Management Accountant.

Employees	Founded
118	1980

Address: 680 Andersen Drive, 5th Floor, Pittsburgh, PA 15220, US

Telephone: (412) 747-8700

Web page: http://www.montaukenergy.com

Expected Date	1/22/2021
Status	Priced
Exchange	NASDAQ
Lockup Period Expiration	.Pro
Quiet Period Expiration	.Pro
Old Price Range	-

Share prices ($)

What do you think will happen with the MNTK share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

The lead left underwriter: Roth Capital

Over the last 12 months Since the beginning of the year

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

Underwriters
Roth Capital
CO-Managers
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