New Energy One Acquisition announced its intention to wind up operations, highlighting the turbulent UK public equity market conditions as the primary cause.
Despite engaging with numerous promising companies for a potential business combination, New Energy One’s board concluded that the adverse conditions in the UK public equity market rendered the success of such a combination unfeasible by the March 15 deadline.
The SPAC listed on the London Stock Exchange in March 2022 to focus on companies in the low carbon economy. Read more.
