Environmental Impact Acquisition announced the closing of its upsized IPO of 20.7 million units, including 2.7 million units issued to the underwriters upon full exercise of their over-allotment option, resulting in gross proceeds of $207 million. The initial planned raise was for $180 million.
The new SPAC was formed by investment bank Canaccord Genuity and will focus on targets that offer products, services and technologies that serve customer needs while generating positive impacts for the environment. The company refers to this as the “sustainability sector.” Read more.
