ST Energy Transition I Ltd.
STET-UN
New York Stock Exchange10.47
USD
- -
- -
ST Energy Transition I Ltd.
STET-UN
(New York Stock Exchange)
Recent
price
10.47
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- ST Energy Transition I Ltd. (STET-UN) is a Bermuda-based blank check company focused on effecting a merger, amalgamation, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the energy transition and clean energy technology sectors; it currently conducts no significant operations and generates no revenues. Incorporated in 2021 and headquartered in Hamilton, Bermuda, the company targets opportunities with growth potential, earnings visibility, and defensible market positions, particularly those contributing positively to energy transition initiatives. Its securities, structured as Stakeholder Aligned Initial Listing (SAIL) units comprising one Class A ordinary share and one-half of a redeemable warrant, were listed on the New York Stock Exchange under the ticker STET.U following a $250 million initial public offering in December 2021, underwritten by Morgan Stanley and DNB Markets. In June 2023, ST Energy Transition I Ltd. announced the redemption of its Class A ordinary shares, with the process expected to complete by June 22, 2023, marking a significant operational milestone as it wound down public trading activities without completing a business combination. The company is chaired by John Fredriksen, with leadership including CEO Jan Erik Klepsland, and maintains a focus on global opportunities despite no identified target or substantive discussions reported to date.