2021-03-17 10:28:44 KSI Kadem Sustainable Impact
03/17/21 03/1710:28 03/17/2110:28 | Kadem Sustainable Impact opens at $9.95, IPO priced at $10Kadem Sustainable Impact priced its initial public offering of 17.5M units at a price of $10.00 per unit. The units are listed on the Nasdaq and trade under the ticker symbol "KSICU". Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on Nasdaq under the symbols "KSI" and "KSICW," respectively. Kadem Sustainable Impact is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company intends to focus its search for a target business in the electric vehicle, energy storage and distribution, and enabling mobility technologies ecosystem. BMO Capital is acting as sole book-running manager for the offering. Academy Securities and AmeriVet Securities are acting as co-managers for the offering. |
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