other material
confidence high
sentiment neutral
materiality 0.50
Invest Green Acquisition Corporation closes $172.5M IPO, trust funded, targets clean energy sectors
Invest Green Acquisition Corp
- Closed IPO of 17.25M units at $10.00/unit, gross proceeds $172.5M; full exercise of underwriters' overallotment.
- Private placement of 870K units at $5.00/unit to sponsor & underwriter, raising $4.35M.
- Net proceeds of $172.5M deposited into trust account for benefit of public shareholders.
- Board appointed: David Dusseault, Eric Luo, Jing Nealis, Francisco Sánchez; amended articles authorize 500M Class A, 50M Class B shares.
- Company to focus on renewable energy, sustainable finance, and nuclear energy sectors for initial business combination.