GoGreen Investments Corporation Announces Upsizing and Pricing of $240,000,000 Initial Public Offering
October 20 2021 - 5:00PM
GoGreen Investments Corporation (the “Company”) announced today the
upsizing and pricing of its initial public offering of 24,000,000
units at $10.00 per unit. The offering was upsized from 20,000,000
units. The units will be listed on the New York Stock Exchange
(“NYSE”) and will begin trading tomorrow, October 21st, 2021, under
the ticker symbol “GOGN.U”. Each unit consists of one Class A
ordinary share of the Company and one-half of one redeemable
warrant, each whole warrant entitling the holder thereof to
purchase one Class A ordinary share at a price of $11.50 per share.
Only whole warrants are exercisable. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on NYSE under the symbols “GOGN”
and “GOGN.WS,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization, or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
clean/renewable energy space. The Company is led by Chief Executive
Officer John Dowd.
Citigroup and Credit Suisse are acting as joint
book-running managers for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,600,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
or by telephone at 1-800-831-9146 and Credit Suisse Securities
(USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, NC 27560, by telephone at 1-800-221-1037, or by
emailing usa.prospectus@credit-suisse.com.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission (the “SEC”) on October 20th, 2021. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the offering filed with
the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Michael Sedoy, CFACFO
713.337.4075info@gogreeninvestments.com
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