Kirkland & Ellis counseled ESGEN Acquisition Corp., a special purpose acquisition company sponsored by Dallas-based Energy Spectrum Capital, on the pricing of its initial public offering of 24,000,000 units at a price of $10 per unit. ESGEN will seek an initial business combination in the energy transition space, with a particular focus on “Disruptive Decarbonization.” The offering was upsized from a base offering of 20,000,000 units. The units will be listed on the NASDAQ and trade under the ticker symbol “ESAC.U” beginning on Oct. 20, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NASDAQ under the symbols “ESAC” and “ESAC.W,” respectively.
The Kirkland team was led by capital markets partner Julian Seiguer and corporate partner Kevin Crews; and included capital markets associates Logan Weissler and Nick Wetzeler; corporate partner Jack Shirley and associates Hyrum Clarke and Brock Baker; investment funds partners Matt Nadworny and Ian Jelsma; and tax partners Mark Dundon and Steve Butler.