Environmental Impact Acquisition upsized its IPO to $180 million by offering 3 million units more than initially planned, representing a 20 percent increase.
The new SPAC was formed by investment bank Canaccord Genuity and will focus on targets that offer products, services and technologies that serve customer needs while generating positive impacts for the environment. The company refers to this as the “sustainability sector.”
Units trade on the Nasdaq under ENVIU. Read more.
