Zimmer Energy Transition Acquisition Corp.
ZT
NASDAQ Global Market10.26
USD
+0.02
- -
CIK
0001849408
CUSIP
989570106
Return %
Stock
S&P500
1Y
5.56
26.84
3Y
7.10
77.03
5Y
7.10
80.55
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
- Stuart Jason Zimmer
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 9 West 57th Street New York City NY United States of America 10019
- IPO Date
- Aug 17, 2021
- CIK
- 0001849408
- Website
- zimmerenergy.com
- Similar Companies
- Business
- Zimmer Energy Transition Acquisition Corp is a special purpose acquisition company (SPAC) formed in 2021 and headquartered in New York City. The company is focused on acquiring one or more businesses or assets via mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. Its primary investment target is in the energy value chain in North America with a focus on energy transition and sustainability, including products, equipment, services, and technologies that enable the energy transition in the United States. Zimmer Energy Transition Acquisition Corp completed its initial public offering in June 2021, raising approximately $345 million to support its acquisition strategy. The company leverages the Zimmer Partners LP platform to identify and operate businesses in industries aligned with energy transition opportunities. However, as of 2023, Zimmer Energy Transition Acquisition Corp announced it would redeem all outstanding public shares and not consummate an initial business combination within the required timeframe, initiating plans for winding up and liquidation. The company’s securities have been delisted from Nasdaq and it is in the process of terminating its registration under the Securities Exchange Act. Zimmer Energy Transition Acquisition Corp does not itself manufacture or sell products but is structured as a blank check company to acquire operating businesses in the energy transition sector.