other material
confidence high
sentiment neutral
materiality 0.75
Karbon Capital Partners Corp. closes $345M SPAC IPO; trust funded at $10/unit
Karbon Capital Partners Corp.
- IPO of 34.5M units at $10/unit, $345M gross proceeds; over-allotment exercised in full.
- Sponsor purchased 890k private placement units at $10/unit, $8.9M gross.
- Net proceeds of $345M placed in trust; total assets $346.65M; shareholders' deficit $11.38M.
- Company has 24 months (27 with LOI) to complete initial business combination.