Lifezone Metals, a developer of cleaner battery metals, today announced it has entered into a definitive merger agreement with GoGreen Investments.
If the SPAC’s shareholders approve, the transaction will create the first nickel resource and green technology company listed on the NYSE. Lifezone Metals would trade under the ticker symbol LZM.
The combined company will have an estimated post‐transaction equity value of approximately $1 billion with over $357 million in net cash, assuming no redemptions and $33 million in estimated transaction fees. The deal includes a $70 million PIPE.
BTIG and Sprott Capital Partners were placement agents for the PIPE financing. Sprott also acted as the financial and capital markets advisor to GoGreen Investments. Latham & Watkins served as counsel to GoGreen Investments. Skadden, Arps, Slate, Meagher & Flom (UK) acted as legal counsel to the placement agents.
RBC Capital Markets acted as exclusive financial adviser to Lifezone Metals, Travers Smith served as UK legal counsel and Cravath, Swaine & Moore served as US legal counsel to Lifezone Metals. Mayer Brown acted as legal counsel to RBC Capital Markets. Read more.
