GoGreen Investments today in an 8-K said it has completed its merger with Lifezone Metals, which the SPAC’s shareholders approved in a vote last week..
Lifezone shares and warrants will begin trading on the NYSE under the ticker symbols LZM and LZMW.
Lifezone develops cleaner battery metals.
The SPAC’s trust was depleted by more than $280 million on redemptions. However, GoGreen brought a $70 million PIPE to the deal, which also closed today and was more than enough to cover the $50 million minimum cash condition on the Lifezone merger.
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, — although that assumed no redemptions — and $33 million in estimated transaction fees. Read more.
