We intend to focus our search for a target business on electric power grid opportunities associated with energy transition infrastructure buildout.

Gregory A. Beard has served as chairman of our board of directors and as our CEO since February 2021. Mr. Beard currently serves as the CEO and co-chairman of Stronghold Digital Mining, Inc. (SDIG), a Bitcoin miner that went public in October 2021. Stronghold Digital’s stock started trading on the NASDAQ on Oct. 20, 2021.

Mr. Beard was the global head of natural resources, a senior partner, and a member of the Management Committee, and a senior advisor at Apollo Global Management from 2010 to 2020.  In such roles, Mr. Beard oversaw Apollo’s investment activities in the energy, metals and mining and agriculture sectors. Prior to Apollo, Mr. Beard was a senior managing director at Riverstone Holdings, an energy, power and infrastructure-focused private equity firm. He began his career as a financial analyst at Goldman Sachs, where he played an active role in energy-sector principal investment activities.

(Beard Energy Transition Acquisition Corp. priced its SPAC IPO on Nov. 23, 2021, in line with the downsized terms in its prospectus: 20 million units at $10 each to raise $200 million. The stock will be listed on the NYSE under the symbol “BRD” and the warrants will be listed on the NYSE under the symbol “BRD WS.” In an S-1/A filing dated Oct. 22, 2021, Beard Energy Transition Acquisition Corp. cut the size of its SPAC IPO to 20 million units, down from 25 million units initially.)