ECP Environmental Growth Opportunities priced its IPO of 30 million units at $10 each.
The SPAC intends to focus its search for a business combination target on companies located in North America that concentrate on combatting climate change by decreasing the carbon intensity of energy production, increasing the efficiency of industrial and consumer-related activities, expanding electricity storage and distribution, and improving the overall sustainability of the economy through efforts to lower pollution and increase beneficial reuse.
Units begin trading today on the Nasdaq under ENNVU. Each unit consists of one share of the Company’s Class A common stock and one-quarter of one redeemable warrant, each whole warrant entitling the holder to purchase one share of Class A common stock at an exercise price of $11.50. After the securities comprising the units begin separate trading, the stock and warrants will list on the Nasdaq under ENNV and ENNVW, respectively. Read more.
