Spartan Acquisition IV registered with the SEC to offer 40 million units at $10 each. A unit consists of one Class A ordinary share and one-fifth of one redeemable warrant; whole warrants exercisable at $11.50.
The sponsor is an affiliate of private investment firm Apollo.
Spartan IV will target opportunities aligned with energy transition, storage and sustainability themes.
The SPAC is led by CEO and Chairman Geoffrey Strong, who is an Apollo senior partner and co-head of the firm’s Infrastructure and Natural Resources group.
His last SPAC, Spartan III, raised $480 million in an IPO last month. Spartan II is in a pending merger with Sunlight Financial, a U.S. residential solar financing platform.
The SPAC intends to apply for a Nasdaq listing but has not yet selected a ticker symbol. Read more.
