Kadem Sustainable Impact Corporation (KSICU) Prices $175M IPO


Kadem Sustainable Impact Corporation (KSICU) Prices $175M IPO

Kadem Sustainable Impact Corporation announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KSICU,” Wednesday, March 17.

The new company aims to combine with a electric vehicle, energy storage and distribution, or mobility technologies target. Kadem Sustainable Impact is led by Chairman Raymond E. Mabus, CEO and Secretary Charles Gassenheimer, CFO Golchehreh Abtahian, and President Raj Chudgar.

Total SPAC deal count for 2021 year-to-date is now 261. This offering is expected to close on Friday, March 19.

BMO Capital Markets is acting as sole book-running manager for the offering. Academy Securities and AmeriVet Securities are acting as co-managers for the offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.