CleanTech Acquisition, a blank check company targeting the CleanTech and ClimateTech sectors, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, one right to receive one-twentieth of a share upon the completion of an initial business combination, and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Eli Spiro, the co-founder and CEO of boutique investment banking firm Axxcess Capital Partners, and Chairman Jon Najarian, the co-founder of individual investing education platform Market Rebellion. The company plans to target the CleanTech or ClimateTech sectors, focusing on businesses with disruptive mission driven technology and sustainable competitive advantages, among other characteristics.
CleanTech Acquisition plans to list on the Nasdaq under the symbol CLAQU. Chardan Capital Markets acted as sole bookrunner on the deal.
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