European Sustainable Growth Acquisition Corp. announced the pricing of its $125 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “EUSGU” Friday, January 22.
The new company aims to combine with a European business with leading edge technology in sustainable industries such as renewable energy or agri-tech. European Sustainable Growth is led by Co-CEOs Pieter Taselaar and Matheus Hovers alongside Chairman Lars Thunell, President Karan Trehan and CFO Patrick Moroney.
Total SPAC deal count for 2021 year-to-date is now 60 with $16.95 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 26.
EarlyBirdCapital, Inc. and ABN AMRO are acting as joint book-running managers of the offering. Reed Smith LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.