CBRE Acquisition Holdings opens at $10.49, IPO priced at $10 per unit

CBRE Acquisition Holdings (CBAH) priced its initial public offering of 35M "SAIL, or "Stakeholder Aligned Initial Listing," securities at a price of $10.00 per SAIL security. The SAIL securities will be listed on the New York Stock Exchange and trade under the ticker symbol "CBAH.U." Each SAIL security consists of one share of the company's Class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the company's Class A common stock at a price of $11.00 per share. Once the securities comprising the SAIL securities begin separate trading, the Class A common stock and warrants are expected to be listed on the New York Stock Exchange under the symbols "CBAH" and "CBAH WS," respectively. CBRE Acquisition Holdings, Inc. is a newly organized blank-check company formed by CBRE Acquisition Sponsor, a subsidiary of CBRE Group (CBRE) for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets. Morgan Stanley is serving as the underwriter for the offering.