Karbon Capital Partners, a blank check company targeting energy and energy infrastructure, raised $300 million by offering 30 million units at $10.00. Each unit consists of one share of common stock and one-quarter of one warrant, exercisable at $11.50.
The SPAC is led by CEO and Director Thomas Karam, the Chairman of hydrocarbon exploration company EQT (NYSE: EQT), and CFO and Director Jeffrey Zajkowski, the former Head of North American Equity Capital Markets at JP Morgan. They will joined by Chairman nominee Joseph Manchin III, former US Senator for West Virginia.
The SPAC aims to target companies with growth prospects tied to the energy needs of data centers, LNG, and their related ecosystems.
Karbon Capital Partners plans to list on the Nasdaq under the symbol KBONU. Citi acted as sole bookrunner on the deal.
