Beard Energy Transition Acquisition registered with the SEC to offer 25 million units at $10 each. A unit consists of one share of Class A common stock and one-third of a warrant, with whol warrants exercisable for a share at $11.50.
The new SPAC’s focus is on clean tech and renewable energy.
Beard Energy is led by Chairman and CEO Gregory Beard, who was the global head of natural resources, a senior partner, and member of the management committee, and senior advisor at Apollo Global Management from 2010 to 2020.
The SPAC intends to apply for a listing on the NYSE under BRD U. Read more.
