First Reserve Sustainable Growth Corp. (FRSG) Prices 20M Unit IPO at $10/Unit

March 5, 2021 5:58 AM EST
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First Reserve Sustainable Growth Corp. (NASDAQ: FRSG) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market ("Nasdaq") under the symbol "FRSG U" and are expected to begin trading on Nasdaq on March 5, 2021.

Each unit consists of one share of the Company's Class A common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "FRSG" and "FRSG W," respectively.

The offering is expected to close on March 9, 2021, subject to customary closing conditions. Barclays and Goldman Sachs & Co. LLC are acting as joint book running managers of the offering.

The public offering is being made only by means of a prospectus.



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