NEW YORK CITY, NY / ACCESS Newswire / May 18, 2026 / Energy Transition Special Opportunities (the "Company") today announced the completion of its initial public offering of 15,000,000 units at $10.00 per unit, raising $150,000,000 in gross proceeds. The Company's units began trading on the New York Stock Exchange ("NYSE") on May 15, 2026 under the ticker symbol ETSS U. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "ETSS" and "ETSS WS," respectively.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry but expects to target opportunities within the climate transition, specialty finance, renewable energy, and regenerative agriculture sectors.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as sole book-running manager for the offering.
A registration statement relating to the securities was filed with the U.S. Securities and Exchange Commission ("SEC") and was declared effective on May 14, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts:
Investor Contact:
Andy Childs
Conduit Capital
andy@conduitcapitalus.com
Press Contact:
Cindy Stoller
Confluence Partners
917-331-0418
cstoller@confluencepartners.com
SOURCE: Energy Transition Special Opportunities
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/clean-technology/energy-transition-special-opportunities-announces-completion-of-150-million-initia-1167746
