ClimateRock and EEW, an independent global developer of utility scale solar photovoltaic projects from greenfield to ready-to-build, today announced a definitive merger agreement that carries an equity value of $650 million.
If approved, upon closing, the combined company is expected to list on the Nasdaq.
Terms call for a stock swap in which EEW’s shareholders will receive shares of the merged enterpirse, and are then expected to hold 80 to 85% of the outstanding shares. ClimateRock raised $79 million in a May IPO. Read more.
