Davis Polk advised the representative of the several underwriters, in connection with the initial public offering of 35,000,000 units of Star Peak Energy Transition Corp. for aggregate proceeds of $350 million. Each unit consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock of Star Peak Energy Transition Corp. The units were listed on the New York Stock Exchange under the symbol “STPK.U.”
Star Peak Energy Transition Corp. is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Star Peak Energy Transition Corp. is not limited to a particular industry or geographic region for purposes of consummating a business combination, it intends to focus its efforts primarily on identifying businesses seeking to be a market leader in, and/or benefit from the increasing global initiatives to improve the efficiency of energy ecosystems and reduce emissions.
The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associate Jolie Yang. The tax team included partner William A. Curran and associate Daniel L. Jose. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.