ClimateRock amends SPAC merger agreement with EEW Energy World; base consideration $500M

ClimateRock

Amended Business Combination Agreement signed Aug 3, 2023; base consideration $500M in Pubco shares.
Earnout of up to $150M in additional Pubco shares if 2023 gross revenue >= $52M.
Outside date to close set at Sep 30, 2023; parties may extend in writing.
Major EEW shareholders agreed to accept Pubco offer and 12-month lock-up post-closing.
Sponsor lock-up extended from 180 days to 12 months after closing.

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