ClimateRock priced its initial public offering of 7.5 million units at $10.00 per unit, with each unit consisting of one share, one-half of a warrant and one right to receive one-tenth of an ordinary share. Warrants are exercisable at $11.50.
The units begin trading today on the Nasdaq under the ticker symbol CLRCU. Once the securities begin separate trading, shares, warrants and rights will list under the symbols CLRC, CLRCW and CLRCR, respectively.
ClimateRock’s focus is on targets within the sustainable energy industry, specifically within climate change, environment, renewable energy and emerging, clean technologies.
The offering is expected to close May 2.
Maxim Group is sole book-running manager for the offering. Read more.
