European Sustainable Growth Acquisition registered with the SEC to offer 12.5 million units priced at $10 each to raise $125 million in an IPO.
The SPAC will focus on European companies with leading edge technology in sustainable industries and compelling growth trajectories in areas including renewable energy, food/agri-tech, water conservation, energy storage, recycling, ed-tech/online learning, fintech and data/cloud.
Dr. Lars Thunell is chairman of the SPAC. Thunell is an independent investor focused on green initiatives, who has held numerous leadership positions, including CEO of the International Finance Corporation, a member of the World Bank focused on the private sector in developing countries, from 2006 to 2012.
The new SPAC intends to list on the Nasdaq under EUSGU. Read more.
