CH4 Natural Solutions, a blank check company backed by Impact Ag, Riverstone's David Leuschen, and Overview Capital's Lauren Singer, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
CH4 Natural Solutions Acquisition is led by CEO and Chairman David Leuschen, co-founder and Senior Managing Director of private equity firm Riverstone, and CFO and CAO Arthuros Mangriotis, a former investment analyst at Jericho Capital Asset Management. The SPAC's sponsor group includes Leuschen, Impact Ag, and Lauren Singer, the co-founder and Managing Partner of climate-focused venture fund Overview Capital. The SPAC plans to target businesses with significant real-asset footprints that may benefit from accelerated methane mitigation initiatives at scale, likely in the agriculture and traditional energy sectors.
The New York, NY-based company will trade on the NYSE under the symbol MTNE.U. Santander acted as sole bookrunner on the deal.
