ESM Acquisition Corporation (ESM.U) Prices $300M IPO


ESM Acquisition Corporation (ESM.U) Prices $300M IPO

ESM Acquisition Corporation announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “ESM.U,” Wednesday, March 10.

The new company aims to combine with a target company facilitating the transition in the economy away from carbon-emitting practices. ESM is led by Chairman John T. Raymond, Vice Chairman John G. Calvert, CEO Sir Michael Davis, and CFO Jeffrey A. Ball.

Total SPAC deal count for 2021 year-to-date is now 233. This offering is expected to close on Friday, March 12.

Credit Suisse Securities (USA) LLC is serving as the sole book-running manager for this offering. Shearman & Sterling LLP is serving as Issuer’s Counsel with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.