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STAMFORD, Conn. and HOUSTON, March 4, 2021 /PRNewswire/ — First Reserve Sustainable Development Corp. (the “Firm”) in the present day introduced the pricing of its preliminary public providing of 20,000,000 items at a value of $10.00 per unit. The items can be listed on the Nasdaq Capital Market (“Nasdaq”) below the image “FRSG U” and are anticipated to start buying and selling on Nasdaq on March 5, 2021.
Every unit consists of 1 share of the Firm’s Class A typical inventory and one-fourth of 1 redeemable warrant, with every entire warrant entitling the holder thereof to buy one share of the Firm’s Class A typical inventory at a value of $11.50 per share, topic to adjustment. As soon as the securities comprising the items start separate buying and selling, the Class A typical inventory and warrants are anticipated to be listed on Nasdaq below the symbols “FRSG” and “FRSG W,” respectively.
The providing is anticipated to shut on March 9, 2021, topic to customary closing situations. Barclays and Goldman Sachs & Co. LLC are performing as joint ebook operating managers of the providing.
The general public providing is being made solely via a prospectus. Copies of the preliminary prospectus referring to the providing and ultimate prospectus, when out there, could also be obtained from Barclays Capital Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, electronic mail: [email protected], phone: 1-888-603-5847, or Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Road, New York, NY 10282, phone: +1 866 471 2526, facsimile: +1 212 902 9316, or electronic mail: [email protected].
A registration assertion relating to those securities has been declared efficient by the U.S. Securities and Alternate Fee (the “SEC”). This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such supply, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
About First Reserve Sustainable Development Corp.
First Reserve Sustainable Development Corp. is a newly organized clean test firm fashioned for the aim of effecting a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies. The Firm intends to determine alternatives and firms that concentrate on options, processes, and applied sciences that facilitate, enhance, or complement the continued transition towards a extra sustainable and environmentally-conscious international vitality, infrastructure and industrial advanced.
Ahead Wanting Statements
This press launch incorporates statements that represent “forward-looking statements,” together with with respect to the general public providing. No assurance might be on condition that the providing mentioned above can be accomplished on the phrases described, or in any respect. Ahead-looking statements are topic to quite a few situations, a lot of that are past the management of the Firm, together with these set forth within the Threat Elements part of the Firm’s registration assertion and preliminary prospectus for the Firm’s providing filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by legislation.
Contact
Traders
[email protected]
Media
Jon Keehner / Julie Hamilton
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
SOURCE First Reserve Sustainable Development Corp.
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