EIP Acquisition I, a blank check company formed by Energy Impact Partners targeting the energy transition space, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, EIP Acquisition I would command a market value of $375 million.
The company is led by CEO and Chairman Hans Kobler, the founder and Managing Partner of ESG-focused investment firm Energy Impact Partners. EIP Acquisition I plans to target businesses at the forefront of energy transition towards the deep decarbonization of the economy.
EIP Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol EIPA.U. J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal.
