Clean Energy Special Situations in a proxy filing asks shareholders for another three months to complete a deal. The SPAc wants to move the deadline from May 28 to Aug. 28.
Formerly known as Springwater Special Situations, the SPAC in February 2023 lost more than 88% of its trust (nearly $156 million) to redemptions on an earlier extension vote. Another round of redenmptions last August removed nearly $3.4 million more from the trust.
Springwater raised $150 million in an August 2021 IPO. Springwater in its initial S-1 registration said it would target “media, engineering construction, engineering services, facility management and services, food and beverages, semiconductor, aerospace, paper and pulp, logistics and distribution, IT services, software solutions, tourism, hospitality, aviation, retail, precious metals trading and services, oil and gas, renewable energies, environmental services, steel, household appliances, construction materials and shipping and cruise industries.” Read more.
