Kadem Sustainable Impact priced its IPO of 17.5 million units at $10 each.
Each consists of one share of Class A common stock and one-half of one warrant; whole warrants exercisable at $11.50.
Units begin trading today on the Nasdaq under KSICU. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under KSI and KSICW, respectively.
The offering is expected to close March 19.
The SPAC intends to focus its search for a target business in the electric vehicle, energy storage and distribution, and enabling mobility technologies ecosystem. Read more.
