FRSG
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First Reserve Sustainable Growth Corp
10.15
0.00 (0.00%)
Last Update: 15 Mar 2023 16:30:00
Yesterday: 10.15
Day's Range: 10.15 - 10.15
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When Written:
10.15
First Reserve Sustainable Growth Corp (FRSG) is a special purpose acquisition company (SPAC) that was formed in 2020 by First Reserve, a private equity firm that focuses on energy investments. The company raised $200 million in its initial public offering (IPO) with the aim of acquiring a sustainable growth business in the energy, industrial or infrastructure sectors.
FRSG is led by CEO Alex Krueger, who previously served as a partner at First Reserve. The company's board of directors includes several industry veterans, including former GE CEO Jeff Immelt and former BP CEO John Browne.
As a SPAC, FRSG has a two-year window to identify and acquire a target company. If it fails to do so, it must return the funds raised in the IPO to investors. Once a target is identified, FRSG will merge with the company and take it public.
FRSG is focused on investing in companies that are driving the transition to a more sustainable economy, with a focus on reducing carbon emissions and improving energy efficiency. The company's investment strategy is aligned with the United Nations' Sustainable Development Goals.
Overall, FRSG is a relatively new player in the sustainable growth market, but its experienced leadership team and focus on sustainability make it a company to watch in the coming years.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
FRSG is led by CEO Alex Krueger, who previously served as a partner at First Reserve. The company's board of directors includes several industry veterans, including former GE CEO Jeff Immelt and former BP CEO John Browne.
As a SPAC, FRSG has a two-year window to identify and acquire a target company. If it fails to do so, it must return the funds raised in the IPO to investors. Once a target is identified, FRSG will merge with the company and take it public.
FRSG is focused on investing in companies that are driving the transition to a more sustainable economy, with a focus on reducing carbon emissions and improving energy efficiency. The company's investment strategy is aligned with the United Nations' Sustainable Development Goals.
Overall, FRSG is a relatively new player in the sustainable growth market, but its experienced leadership team and focus on sustainability make it a company to watch in the coming years.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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