ESGEN Acquisition priced its IPO of 24 million units at $10 each. The offering was upsized from an original 20 million units.
The units begin trading today on the Nasdaq under ESACU. Each consists of one Class A ordinary share and one-half of a warrant. Once the units begin separate trading, shares and warrants are expected to list under ESAC and ESACW.
The company intends to concentrate on opportunities in the North American energy and infrastructure value chain and contiguous industries that it believes will fundamentally change the current energy landscape by accelerating a shift to a low-carbon future.
Citigroup and Barclays are book-running managers for the offering, and Ladenburg Thalman is co-manager. The underwriters have the option to purchase up to an additional 3.6 million units to cover any over-allotments. Read more.
