Invest Green Acquisition, a blank check company targeting renewable energy, sustainable finance, and nuclear energy, raised $150 million by offering 15 million units at $10. Each unit 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. The company had originally filed to raise $200 million, before lowering the proposed deal size in September.
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 plans to list on the Nasdaq under the symbol IGACU. Cohen & Company Securities acted as sole bookrunner on the deal.
