ST Energy Transition I priced 25 million Stakeholder Aligned Initial Listings, or SAILSM securities, at a price of $10 each. The securities list on the NYSE and begin trading today under STET.U.
The SPAC intends to focus on opportunities that contribute in positive ways towards energy transition and clean energy technology.
Each SAILSM security consists of one share and one-half of a warrant.
Morgan Stanley is acting as sole book-running manager and joint lead manager. DNB Markets is acting as joint lead manager. Read more.
