Appleby Advises Energy Transition Special Opportunities in Its USD150M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Energy Transition Special Opportunities (Energy Transition), in connection to its initial public offering of 15,000,000 units at $10.00 per unit, raising $150,000,000 in gross proceeds. Energy Transition’s units began trading on the New York Stock Exchange (NYSE) on May 15, 2026, under the ticker symbol ETSS U.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of Energy Transition. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “ETSS” and “ETSS WS,” respectively.
The Appleby Capital Markets team was led by Partner Alexandra Low, Paralegal Sophia Cunningham, and other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
