Tech and Energy Transition Corporation (TETCU) Prices Upsized $385M IPO


Tech and Energy Transition Corporation (TETCU) Prices Upsized $385M IPO

Tech and Energy Transition Corporation announced the pricing of its upsized $385 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TETCU,” Wednesday, March 17.

The new company aims to combine with a target using disruptive technology to build or manage businesses and infrastructure undergoing transformation. Tech and Energy is led by Executive Chairman Dan Hesse, CEO and President John Spirtos, Energy CIO Greg Callman, CFO Stephan Feilhauer, and Chief Legal Counsel and Company Secretary Gautham Srinivas.

Total SPAC deal count for 2021 year-to-date is now 264. This offering is expected to close on Friday, March 19.

Citigroup Global Markets Inc.. and BofA Securities, Inc. are serving as the book-running managers for this offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.