Fortistar Sustainable Solutions Corp. announced the pricing of its upsized $225 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FSSIU” Wednesday, January 27.
The new company aims to combine with a business whose model reduces the carbon intensity in the energy, industrial, or transportation value chain. Fortistar is led by Chairman Mark S. Comora, CEO Nadeem Nisar, President Charles D. Byrceland and CFO Scott Contino.
Total SPAC deal count for 2021 year-to-date is now 80 with $22.5 billion in gross proceeds raised. This offering is expected to close on Friday, January 29.
Credit Suisse and BofA Securities are serving as the underwriters for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.