SPAC Karbon Capital, focusing on the energy sector, has submitted an IPO application, aiming to raise 300 million US dollars.

Special purpose acquisition company (SPAC) Karbon Capital Partners, focusing on the energy and energy infrastructure sector, submitted an application to the 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 common stock and one-third of a warrant, with an exercise price of $11.50 per warrant. The SPAC is led by CEO and Director Thomas Karam (Chairman of EQT) and CFO and Director Jeffrey Zajacovsky (former Head of North American Equity Capital Markets at JPMorgan). Nominee 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 in data centers, liquefied natural gas, and their related ecosystems. Founded in 2025, the company plans to list on Nasdaq under the ticker symbol KBONU. Citigroup is serving as the exclusive bookrunner for the transaction.