 PITTSBURGH, Jan. 21, 2021 GLOBE NEWSWIRE -- Montauk Renewables, Inc. the Company announced today the pricing of its initial public offering of 3,047,015 shares at a price of 8.50 per share. 2,350,000 of the shares are being offered by the Company and 697,015 of the shares are being offered by Montauk Holdings Limited, the selling stockholder. The shares will be listed on The Nasdaq Capital Market Nasdaq and trade under the ticker symbol MNTK beginning on January 22, 2021. The shares will have a secondary listing on the Johannesburg Stock Exchange and trade under the ticker symbol MKR beginning January 25, 2021. The offering is subject to customary closing conditions and is expected to close on January 26, 2021. The Company expects to use the proceeds to fund the identification of, and diligence activities with respect to, potential new projects, which include evaluating new project sites, project conversions and strategic acquisitions. 