Shearman And Sterling

News March 12, 2021

ESM Acquisition Corporation’s $300 Million IPO

Shearman & Sterling advised ESM Acquisition Corporation, a special-purpose acquisition company, on its initial public offering of 30 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

ESM Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus on a target business that is positioned to benefit from the global transition towards a low carbon economy, including but not limited to the shift away from fossil fuels, the light-weighting and electrification of vehicles and the reduction of carbon emissions from key industrial processes. 

The Team