Tech and Energy Transition priced its IPO of 38.5 million units, upsized from 35 million units, at $10 each.
Units begin trading today on the Nasdaq under TETCU. Each consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable for a sahre at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under TETC and TETCWS, respectively.
The SPAC intends to target companies that use or facilitate disruptive, differentiated technology to build, enable, service or manage businesses or infrastructure undergoing transformation. Read more.
