Beard Energy Transition Acquisition priced its IPO of 20 million units at $10 each. The SPAC initially registered in March to offer 25 million units.
The units begin trading today on the NYSE under BRD U.
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.
Citigroup is sole book-running manager for the offering, which is expected to close Nov. 29. Read more.
