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Zimmer Energy Transition (ZTAQU) Prices $300M IPO

Date:

Jun 15, 2021 IPOs by Marlena Haddad

Zimmer Energy Transition Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ZTAQU” Wednesday, June 16.

The new SPAC intends to capitalize on the Zimmer Partners LP platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in the energy value chain in North America, with a focus on energy transition and sustainability. Zimmer Energy is led by CEO Stuart J. Zimmer, CFO Jonathan Cohen, and President William Sloan.

Total SPAC deal count for 2021 year-to-date is now 343. This offering is expected to close on Friday, June 18.


Citigroup and Barclays are acting as the joint book-running managers of the offering. Akin Gump Strauss Hauer & Feld LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. BDO US LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.

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Source: https://spacinsider.com/2021/06/15/zimmer-energy-transition-prices-300m-ipo/

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