Environmental Impact Acquisition announced its stockholders voted in favor of the business combination with Greenlight Biosciences, with 80.7% of shareholders participating in the vote and 78.6% voting in favor of the combination.
Neither the news release nor the SPAC’s subsequent 8-K filing disclosed redemptions, if any, however, Environmental Impact shares traded below $10 through the redemption deadline and closed yesterday at $8.57.
Environmental Impact raised $207 million in a January 2021 IPO. The SPAC also had a PIPE of $124.5 million heading into the vote.
As announced in August, the transaction was expected to provide estimated proceeds of $282 million.
The deal is expected to close today. GreenLight Biosciences shares and warrants will trade on the Nasdaq starting tomorrow under the ticker symbols GRNA and GRNA.WS.
Formed by investment bank Canaccord Genuity, Environmental Impact Acquisition raised $207 million in a January 2021 IPO. Read more.
