ClimateRock Closes $79M IPO

ClimateRock closed its initial public offering of 7.5 million units. In addition, the underwriters’ partially exercised the over-allotment option to purchase an additional 375,000 units. Total gross proceeds came to $78.75 million.

Each unit consists of one Class A ordinary share, one-half of a warrant and one right to receive one-tenth of a share.

Units trade 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.

Maxim Group was sole book-running manager for the offering.

ClimateRock’s focus is on targets within the sustainable energy industry, specifically within climate change, environment, renewable energy and emerging, clean technologies. Read more.

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