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Sustainable Development Acquisition I Priced, Nasdaq: SDACU

Blank check public benefit corporation formed by RRG and Capricorn Investment Group.

Industry: SPAC

Latest Trade: $10.00 0.00 (0.0%)

First Day Return: +12.2%

Return from IPO: 0.0%

Industry: SPAC

We are a newly incorporated blank check public benefit corporation. Subsequent to our incorporation as a public benefit corporation, we intend to be one of the few (if not the first) blank check companies to obtain Pending B Corp status. We have a strong interest in our initial business combination either being a Certified B Corp or implementing policies and processes to become certified after investment. B Corps abide by the highest standards of environmental and social issues, focusing on sustainable supply chains, quality jobs, and stakeholder engagement supported by strong governance mechanisms. The B Corp framework is highly aligned with benchmarking progress toward achieving the United Nations’ Sustainable Development Goals (the "UN SDGs") and signals that a business is using its power as a force for good. As a public benefit corporation, our corporate purpose includes: (i) fostering an enduring, sustainable and profitable business that advances the UN SDGs, (ii) being stewards of the land, air, and water, and (iii) being supportive of the people and communities within which we operate. We will focus on businesses which have the potential to help address the global challenges identified by the UN SDGs and those that either are, or that we believe could become, a Certified B Corporation. We will focus on, but not be limited to, companies in the water, food & agriculture, renewable energy, and environmental resource management sectors, as well as supporting technologies.
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IPO News for Sustainable Development Acquisition I
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IPO Data
IPO File Date 01/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Los Angeles, CA
Founded 2020
Employees 5
Website www.waterfoodenergySPAC.com