Energy Transition Special Opportunities, a blank check company targeting renewable energy and specialty finance, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
The company is led by CEO and Director Robert Zulkoski, the founder of Sustainable Credit Partners and Conduit Capital Partners, where he serves as Lead Principal and Managing Partner, respectively. He is joined by CFO Andy Childs, who serves as the CFO of Sustainable Credit Partners and Operating Partner of Finance at Conduit Capital. The SPAC plans to target opportunities within climate transition, specialty finance, renewable energy, and regenerative agriculture.
The New York, NY-based company will trade on the NYSE under the symbol ETSS.U. Cohen & Company Securities acted as sole bookrunner on the deal.
