ESM Acquisition priced its IPO of 30 million units at $10 each.
Units begin trading today on the NYSE under ESM.U. Each consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 to purchase a share. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected to list under ESM and ESM WS, respectively.
The SPAC is targeting companies engaged in decarbonization. Read more.
