The Growth for Good Acquisition Corporation registered to off 22 million units at $10 each. A unit consists of one share, one right and one-half of a warrant. Each right entitles the holder to receive one-sixteenth of a share; whole warrants are reemabvle for a share at $11.50.
The sponsor has agreed to purchase up to $8 million of the SPAC’s units in a private placement.
The SPAC is interested in acquiring a business that produces a postivie impact on the environment and society.
Growth for Good is led by CEO and Director Yana Watson Kakar, who is also the global managing partner emeritus of Dalberg Advisors, a multinational advisory firm.
Credit Suisse and Barclays are joint book-running managers.
The SPAC has applied to list on the Nasdaq under GFGDU. Read more.
