GoGreen Investments said its shareholders on Thursday approved the business combination with Lifezone Metals.
The transaction is expected to close by July 6, when Lifezone shares and warrants will begin trading on the NYSE under the ticker symbols LZM and LZMW.
Lifezone develops cleaner battery metals.
Redemptions, if any, were not disclosed in the announcement or a subsequent 8-K filing. The SPAC brought a $70 million PIPE to the deal, which was more than enough to cover the $50 million cash closing condition.
At deal announcement in December, the combined company was expected to have an estimated post‐transaction equity value of approximately $1 billion with over $357 million in net cash, — which assumed no redemptions — and $33 million in estimated transaction fees. Read more.
