First Reserve Sustainable Growth Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FRSGU,” Friday, March 5.

First Reserve Sustainable Growth Corp. intends to search for a target business that focuses on solutions, processes, and technologies that facilitate, improve, or complement the ongoing energy transition toward a low- or no-carbon emitting future.  The company is being led by Chairman of the Board Alex T. Krueger and Chief Executive Officer and Director Neil A. Wizel.

Total SPAC deal count for 2021 year-to-date is now 228. This offering is expected to close on Tuesday, March 9.

Barclays and Goldman Sachs & Co. LLC are acting as joint book running managers of the offering. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.