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Energy Transition Special OpportunitiesETSS

Class A ETSSUnits ETSS-UNWarrants ETSS-WTCIK 0002085932

Cash in trust

$151.4M

$151,378,525

Trust per share

$10.09

Redemption value

IPO

May 2026

Combination deadline

Nov 15, 2027

437 days remaining

Filings on record

26

Latest Aug 13, 2026

Overview

Energy Transition Special Opportunities is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002085932. It completed its initial public offering in May 2026 and listing on NYSE. Class A shares trade under the ticker ETSS, units under ETSS-UN, warrants under ETSS-WT on NYSE. The vehicle is sponsored by Climate Transition Special Opportunities through Climate Transition Special Opportunities SPAC I LP. The mandate targets technology, industrials. IPO closed, trust funded, no definitive agreement announced.

We intend to target businesses with defensible market positions, enabled by differentiated technologies, proprietary infrastructure, regulatory leverage, or technical innovation.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Energy Transition Special Opportunities has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trading at a discount to trust

    At $9.92 the shares change hands 1.68% below the $10.09 they can be redeemed for. A holder buying here is paid that spread to carry deadline and redemption risk until the vote, and the trust keeps accreting underneath it.

  • Trust versus the $10 unit

    The trust holds $10.09 per public share, 0.9% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Time on the clock

    437 days to the Nov 15, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Underwriting

    Cohen & Company led the offering. It has been named on 47 SPAC IPOs, book-running 46 of them, and 50% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Energy Transition Special Opportunities, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

Elevated

How much does the structure protect a holder right now?

63/100

  • Discount to trust98

    1.68%

  • Trust accretion27

    $10.09 per share

  • Runway63

    437 days

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Low

How much attention is this vehicle attracting right now?

24/100

  • Filing activity69

    4 in 30 days

  • News coverage0

    0 stories in 30 days

  • Premium to trust2

    -1.68%

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

37/100

  • Trust scale33

    $151M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-095305

    Aug 13, 2026

    22d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-004990

    Aug 12, 2026

    23d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000886982-26-000344

    Aug 11, 2026

    24d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-086273

    Aug 6, 2026

    28d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-072894

    Jun 29, 2026

    2mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-063188

    Jun 1, 2026

    3mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-26-061168

    May 27, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-060623

    May 22, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-059790

    May 21, 2026

    3mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-059124

    May 19, 2026

    3mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-057807

    May 15, 2026

    3mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-001632

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-056996

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-056994

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-056992

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-056989

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-056987

    May 15, 2026

    3mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-26-000433

    May 14, 2026

    3mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-056673

    May 14, 2026

    3mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-056174

    May 14, 2026

    3mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-047625

    Apr 24, 2026

    4mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-041149

    Apr 7, 2026

    4mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-025388

    Mar 10, 2026

    5mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-015455

    Feb 12, 2026

    6mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-011849

    Feb 4, 2026

    7mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-25-090236

    Sep 22, 2025

    11mo ago

    Open filing

Energy Transition Special Opportunities: questions answered

What is Energy Transition Special Opportunities (ETSS)?

Energy Transition Special Opportunities is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002085932. It completed its initial public offering in May 2026 and listing on NYSE. Class A shares trade under the ticker ETSS, units under ETSS-UN, warrants under ETSS-WT on NYSE. The vehicle is sponsored by Climate Transition Special Opportunities through Climate Transition Special Opportunities SPAC I LP. The mandate targets technology, industrials. IPO closed, trust funded, no definitive agreement announced.

How much does Energy Transition Special Opportunities hold in trust?

Approximately $151,378,525, or about $10.09 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Energy Transition Special Opportunities complete a merger?

By Nov 15, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Energy Transition Special Opportunities does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Energy Transition Special Opportunities, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.09 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Energy Transition Special Opportunities trade under?

Class A shares trade as ETSS on NYSE, the units as ETSS-UN, and the warrants as ETSS-WT. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Energy Transition Special Opportunities?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.09, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $9.92, a discount of 1.68% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do Energy Transition Special Opportunities's founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Energy Transition Special Opportunities, and what is their track record?

Climate Transition Special Opportunities SPAC I LP is the sponsor entity, part of the Climate Transition Special Opportunities franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Robert Zulkoski.

Which banks underwrote the Energy Transition Special Opportunities IPO?

Cohen & Company. Cohen & Company was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Energy Transition Special Opportunities tradeable, and where?

Yes. ETSS returned a live quote of $9.92 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Energy Transition Special Opportunities a good investment?

That is not a question this site answers. Energy Transition Special Opportunities is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Energy Transition Special Opportunities data come from?

Filings Energy Transition Special Opportunities submitted to the SEC under CIK 0002085932: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.