Climate Change Crisis Real Impact I Acquisition Corporation announced the pricing of its $200 million IPO this evening and the units are expected to begin trading on the NYSE under the symbol “CLII.U” tomorrow, Wednesday, September 30.
The company aims to combine with a target whose growth will reduce carbon emissions such as renewable energy, grid technology or electric vehicles (EV). Climate Change I is led by CEO and Director David W. Crane, CFO John A. Cavalier, CCO Elizabeth Comstock, COO Anne Frank-Shapiro, and Chairperson Mary Powell.
Total SPAC deal count for 2020 year-to-date is now 114 with $43.3 billion in gross proceeds raised. This offering is expected to close on Friday, October 2.
Citigroup, BofA Securities and Barclays are acting as joint book-running managers. Ropes & Gray LLP serves as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...