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Zimmer Energy Transition Acquisition Corp. (NASDAQ: ZTAQU) announced that starting August 6, 2021, holders of its 34,500,000 initial public offering units may separate their shares of Class A common stock and warrants. Separated shares will trade under the symbols 'ZT' and 'ZTAQW.' The offering was coordinated by Citigroup and Barclays. This press release does not serve as an offer or solicitation for securities. The Company focuses on mergers and acquisitions in the energy transition sector and aims for sustainable growth in North America.
Zimmer Energy Transition Acquisition Corp. (Nasdaq:ZTAQU) has successfully closed its initial public offering, issuing 34,500,000 units at $10.00 each, generating gross proceeds of $345 million. Each unit includes one share of Class A common stock and one-third of a redeemable warrant, with each whole warrant allowing purchase of one additional share at $11.50. The company aims to pursue business combinations in the energy value chain, focusing on energy transition and sustainability. Citigroup and Barclays served as joint book-running managers for this offering.
