Fortistar Sustainable Solutions offered 2.5 million additional units to upsize its IPO to $225 million from the initial plan for a $200 million raise registered earlier this month.
Fortistar said it plans to focus on “companies whose business models contribute to the reduction of the carbon intensity in the energy, industrial, and transportation value chain, to directly or indirectly reduce greenhouse gas emissions or more generally contribute to a shift towards greater energy efficiency as a means of energy production and consumption.”
CEO Nadeem Nisar has longstanding relationships and significant experience in the power generation, energy infrastructure, carbon transition and renewables sectors, according to the initial S-1 filing.
Units begin trading on the Nasdaq today under FSSIU. Read more.
