ESM Acquisition Corporation
ESM-UN
New York Stock Exchange10.21
USD
+0.01
- -
CIK
0001841420
Return %
Stock
S&P500
1Y
3.12
26.53
3Y
2.09
76.60
5Y
2.09
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sir Michael Lawrence Davis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2229 San Felipe Houston TX United States of America 77019
- IPO Date
- Mar 10, 2021
- CIK
- 0001841420
- Website
- esmcorporation.com
- Similar Companies
- Business
- ESM Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Houston, Texas. The company focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or other similar business combinations with companies positioned to benefit from the global transition toward a low carbon economy. Its main business activity centers on identifying and acquiring businesses linked to the energy transition, including those involved in battery and technology minerals, electric vehicle and grid storage growth, and other key raw materials and commodities critical to decarbonization. ESM Acquisition does not manufacture or sell products directly but operates as an investment vehicle to merge with or acquire companies with operations in sustainable and low carbon industries. Its strategy emphasizes acquiring businesses with strong growth potential post-acquisition, positioned to capitalize on regulatory and market trends toward reducing CO2 emissions. The company’s leadership includes experienced executives from the natural resources sector, targeting businesses that operate in business-friendly jurisdictions and have scalable assets with rapid production potential. A significant recent development for ESM Acquisition Corporation includes its initial public offering in March 2021, which raised $300 million to pursue its acquisition strategy. However, the company has faced challenges in completing a business combination and reportedly moved toward dissolving after failing to find a suitable private company to take public as of early 2023. Separately, there is a distinct company named ESM Power, a high-voltage electrical engineering contractor specializing in grid and power connections in the UK. ESM Power was acquired by Mitie plc in mid-2024, expanding Mitie's high voltage power market presence and complementing its portfolio in power connection services. This deal is unrelated to ESM Acquisition Corporation. In summary, ESM Acquisition Corporation acts as a blank check company focused on merger and acquisition targets within the low carbon economy and energy transition sectors, with its latest material activity involving an IPO in 2021 and a subsequent failure to complete an acquisition leading toward dissolution proceedings in 2023. It operates primarily in the United States with a focus on natural resource-related investments that align with decarbonization efforts and technological shifts in energy production and use.