Beard Energy Transition Acquisition Corp. Announces Closing of $230,000,000 Initial Public Offering, Including Full Exercise of Underwriter's Option to Purchase Additional Units

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Nov 30, 2021

Beard Energy Transition Acquisition Corp. (the “Company”) announced the closing of its initial public offering (the “IPO”) of 23,000,000 units at a price of $10.00 per unit on November 29, 2021. This includes the exercise in full by the underwriter of its option to purchase up to an additional 3,000,000 units. The units are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “BRD U”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “BRD” and “BRD WS,” respectively.