- Beard Energy Transition Acquisition has priced its IPO of 20M units at $10 each.
- The units will be listed on the NYSE and trade under the ticker symbol “BRD U” beginning on November 24, 2021.
- Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share
- The units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “BRD” and “BRD WS,” respectively.
- Underwriters have a 45-day option to purchase up to an additional 3M units at the IPO price.
- The initial public offering is expected to close on November 29, 2021