ESGEN Acquisition Corp. (ESACU) Prices Upsized $240M IPO


ESGEN Acquisition Corp. (ESACU) Prices Upsized $240M IPO

Oct 19, 2021 IPOs by Marlena Haddad

ESGEN Acquisition Corp. announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “ESACU” Wednesday, October 20.

The new SPAC intends to concentrate on identifying opportunities in the North American energy and infrastructure value chain and contiguous industries that it believes will fundamentally change the current energy landscape by accelerating a shift to a low-carbon future. ESGEN is led by CEO Andrea Bernatova and CFO Nader Daylami.

Total SPAC deal count for 2021 year-to-date is now 476. This offering is expected to close on Friday, October 22.

Citigroup and Barclays Capital Inc. are serving as the book-running managers for the offering and Ladenburg Thalman & Co. Inc. acted as co-manager. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.