GoGreen Investments Corporation Announces Closing of $276,000,000 Initial Public Offering
October 25 2021 - 3:00PM
GoGreen Investments Corporation (NYSE: GOGN.U) (the "Company")
announced today that it closed its initial public offering of
27,600,000 units, including 3,600,000 units issued upon exercise in
full by the underwriters of their option to purchase additional
units. The offering was priced at $10.00 per unit, resulting in
gross proceeds of $276,000,000.
The Company’s units are listed on the New York Stock Exchange
(“NYSE”) and commenced trading under the ticker symbol “GOGN.U” on
October 21, 2021. 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
will trade and are exercisable. Once the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the 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.
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of units,
$281,520,000 (or $10.20 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
October 21, 2021 reflecting receipt of the proceeds upon
consummation of the initial public offering and the private
placement will be included as an exhibit to a Current Report on
Form 8-K to be filed by the Company with the Securities and
Exchange Commission (the “SEC”).
The offering was made only by means of a prospectus. Copies of
the prospectus relating to the offering may be obtained 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 SEC on October 20, 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 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 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, CFACFO713.337.4075info@gogreeninvestments.com
GoGreen Investments (NYSE:GOGN.U)
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