ST Energy Transition I Ltd.
STET
New York Stock Exchange10.49
USD
+0.01
- -
CIK
0001858684
CUSIP
G8465L107
Return %
Stock
S&P500
1Y
6.28
18.02
3Y
8.26
64.11
5Y
8.26
72.15
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
- Jan Erik Klepsland
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Par-La-Ville Place Hamilton Bermuda HM08
- IPO Date
- Jan 24, 2022
- CIK
- 0001858684
- Website
- stenergy1.com
- Similar Companies
- Business
- ST Energy Transition I Ltd. (STET) operates as a blank check company focused on effecting a merger, amalgamation, capital share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in the energy transition and clean energy technology sectors. Incorporated in 2021 and headquartered in Hamilton, Bermuda, the company has not commenced significant operations, generated revenues, or selected a specific business combination target, with its search targeting opportunities that contribute positively to energy transition initiatives, including growth-oriented businesses with earnings visibility and defensible market positions. It does not currently offer products or services beyond its SPAC structure. In December 2021, the company completed a $250 million initial public offering of 25 million SAIL (Stakeholder Aligned Initial Listing) securities at $10 each on the New York Stock Exchange under the ticker STET.U, with underwriters exercising an over-allotment option to raise gross proceeds to approximately $287.5 million held in trust. In June 2023, ST Energy Transition I Ltd. announced the redemption of its Class A ordinary shares and proceeded with dissolution in accordance with its charter after failing to identify or complete a business combination within the required timeframe, resulting in the delisting of its shares. No subsequent mergers, acquisitions, partnerships, funding rounds, or operational shifts have been publicly reported as of late 2025.