Invest Green Acquisition, a blank check company targeting renewable energy, sustainable finance, and nuclear energy, lowered the proposed deal size for its upcoming IPO on Friday.
The New York, NY-based company now plans to raise $150 million by offering 15 million units at a price of $10. The company had previously filed to offer 20 million units. Each unit still consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the revised terms, Invest Green Acquisition will raise 25% less in proceeds than previously anticipated.
Invest Green Acquisition is led by CEO and Director Andrew McLean, co-founder and CEO of Invest.Green Enterprises, an investor organization dedicated to the promotion of sustainable investment. The SPAC plans to target the broad renewable energy, sustainable finance, and nuclear energy sectors.
Invest Green Acquisition was founded in 2025 and plans to list on the Nasdaq under the symbol IGACU. Cohen & Company Securities is the sole bookrunner on the deal.
