The issuer, a SPAC, offered 23,000,000 units which were listed on NYSE

Davis Polk advised the sole book-running manager in connection with the $230 million initial public offering of 23,000,000 units of Beard Energy Transition Acquisition Corp. Each unit consists of one Class A common stock and one-half of one redeemable warrant to purchase one Class A common stock of Beard Energy Transition Acquisition Corp. The units were listed on the New York Stock Exchange under the symbol “BRD U.”

Beard Energy Transition Acquisition Corp. is a newly organized, special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. Beard Energy Transition Acquisition Corp. intends to target a business combination with a company focused on electric power grid opportunities associated with energy transition infrastructure buildout.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Clare Conroy, Sara Moshfegh and Livia Maas. The tax team included partner Michael Farber and associate Eitan Ulmer. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and London offices.

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