Kadem Sustainable Impact Corporation Closes Initial Public Offering

Vinson & Elkins advised Kadem Sustainable Impact Corporation with its initial public offering of 17,500,000 units at a price of $10.00 per unit. The offering closed on March 19, 2021.

Kadem Sustainable Impact Corporation, a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, intends to focus its search for a target business in the electric vehicle, energy storage and distribution, and enabling mobility technologies ecosystem.

The V&E capital markets team was led by Ramey Layne, Brenda Lenahan and Zach Swartz, with assistance from Farah Chranya and Marcus Martinez. The V&E private equity team was led by Dan Komarek, Jeff Shah and Helen Xiang. Other key team members included Jason McIntosh, Allyson Seger, Lauren Nieman, Sarah Mitchell and Julia Petty.

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