Roughly one-quarter of SPACs announced this year are targeting climate-related businesses, TechCrunch reports.
Of the 78 deals that have either completed or announced a merger since 2018, just over one-third have been climate-related, as tallied by Climate Tech VC. These SPACs have outperformed the broader technology market, with the 10 climate tech companies that have completed mergers averaging a 131 percent return on investment versus the 50 percent return of the total SPAC market (assuming average offering prices of $10 per share). Read more.
