Beard Energy Transition Acquisition Corp. (BRD.U) Prices $200M IPO


Beard Energy Transition Acquisition Corp. (BRD.U) Prices $200M IPO

Nov 23, 2021 IPOs by Marlena Haddad

Beard Energy Transition Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “BRD.U” Wednesday, November 24.

The new SPAC intends to target high-growth businesses focused on enhancing electric power grid reliability and resiliency through the energy transition infrastructure buildout. Beard Energy Transition is led by the Chairman of the Board and Chief Executive Officer Gregory A. Beard, and Chief Financial Officer and Chief Accounting Officer Sarah James.

Total SPAC deal count for 2021 year-to-date is now 558. This offering is expected to close on Monday, November 29.

Citigroup Global Markets Inc. is acting as the sole book-running manager for the offering. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.