New SPAC Sustainable Development Acquisition I filed with the SEC to raise $250 million through an offer of 25 million unitds at $10 each.
The SPAC in the filing saaid it has strong interest in Certified B Corp companies or those 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 SPAC is led by CEO and director Nicole Neeman Brady, who has over 20 years of experience as an entrepreneur, executive, investor and community leader with global water, energy, and agricultural expertise. Neeman Brady also serves as principal and previously COO at Renewable Resources Group, as well as a member of the investment committee and a board member of several of RRG’s portfolio companies.
The SPAC saaid it will apply for a Nasdaq listing under SDACU. Read more.
