Ivanhoe Capital Acquisition in its latest filing said it completed the private placement of an aggregate of 5,013,333 warrants, sold to the SPAC’s sponsor at a purchase price of $1.50 each. The sale generated $7.52 million, brining the SPAC’s total raise to $276 million, including the $240 million IPO priced earlier this month.
The SPAC is focused on energy transition — companies shifting from fossil fuels to electrification and other energy solutions. Ivanhoe is particularly targeting companies involved in mining, processing or refining the metals used in battery systems. Read more.
