We advised the joint book-running managers on the IPO and Nasdaq listing

Davis Polk advised the joint book-running managers in connection with the initial public offering of 34,500,000 units of Zimmer Energy Transition Acquisition Corp. for aggregate proceeds of $345 million. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant to purchase one share of Class A common stock of the company. The units were listed on the Nasdaq Global Market under the symbol “ZTAQU.” 

Zimmer Energy Transition Acquisition Corp. is a newly organized, special purpose acquisition company (SPAC) founded by Stuart J. Zimmer, who is also the founder and Chief Executive Officer of Zimmer Partners, LP. It intends to capitalize on the Zimmer Partners, LP platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in the energy value chain in North America, with a focus on energy transition and sustainability.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick, counsel Radoslaw Michalak and associate Lucy McKinstry Taylor. The tax team included counsel Ethan R. Goldman and associate Bradford Sherman. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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