Energy-focused SPAC Karbon Capital submits IPO application, aiming to raise $300 million
Special Purpose Acquisition Company (SPAC) Karbon Capital Partners, focused on the energy and energy infrastructure sector, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Thursday, planning to raise up to $300 million through an IPO. The company plans to issue 30 million units at a price of $10.00 per unit, raising $300 million. Each unit consists of one share of common stock and one-third of a warrant, with an exercise price of $11.50 per warrant. This SPAC is co-led by CEO and Director Thomas Karam (Chairman of EQT) and CFO and Director Jeffrey Zajacowski (former Head of North American Equity Capital Markets at JP Morgan). Proposed Chairman Joseph Manchin III (former U.S. Senator from West Virginia) will join the team. The SPAC aims to acquire growth-oriented companies related to energy demand associated with data centers, liquefied natural gas, and its related ecosystem. The company was established in 2025 and plans to list on NASDAQ under the ticker symbol KBONU. Citigroup acts as the exclusive bookrunner for the transaction
According to the Zhitong Finance APP, Karbon Capital Partners, a special purpose acquisition company (SPAC) focused on the energy and energy infrastructure sector, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Thursday, planning to raise up to $300 million through an IPO.
The company plans to issue 30 million units at a price of $10.00 per unit, raising $300 million. Each unit consists of one share of common stock and one-third of a warrant, with an exercise price of $11.50 per warrant.
The SPAC is co-led by CEO and Director Thomas Karam (Chairman of EQT) and CFO and Director Jeffrey Zajacowski (former Head of North American Equity Capital Markets at JP Morgan). Proposed Chairman Joseph Manchin III (former U.S. Senator from West Virginia) will join the team. The SPAC aims to acquire growth-oriented companies related to energy demand associated with data centers, liquefied natural gas, and its related ecosystem.
The company was established in 2025 and plans to list on NASDAQ under the ticker symbol KBONU. Citigroup is serving as the exclusive bookrunner for the transaction
