GoGreen Investment Corporation Confirms Funding and Extension of Deadline to Complete Initial Business Combination
January 19 2023 - 3:17PM
GoGreen Investments Corporation (NYSE: GOGN.U) (the “Company” or
“GoGreen”) announced today that it has issued a promissory note in
the principal amount of up to $2,760,000 (the “Extension Note”) to
GoGreen Sponsor 1 LP (the “Sponsor”), which has deposited an
aggregate amount of $2,760,000 (representing $0.10 per
public share) (the “Extension Loan”) into the Company’s trust
account (the “Trust Account”) for its public stockholders.
The Extension Loan enables the Company to extend the date by
which the Company must complete its initial business combination
(the “Extension”) from January 25, 2023, to April
25, 2023 (the “Extended Date”). The Extension is the first of
two three-month extensions permitted under the Company’s governing
documents. The proceeds of the Extension Loan will be held in the
Trust Account and used to fund any redemptions of the Company’s
public shares.
The Extension Note is non-interest bearing and non-convertible.
If the Company does not complete an initial business combination by
the Extended Date, the Extension Loan will be repaid exclusively
from funds held outside of the Trust Account.
About GoGreen Investments CorporationGoGreen Investments
Corporation 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. GoGreen is led by Chief Executive Officer John
Dowd.www.gogreeninvestments.com
Forward-Looking StatementsThis press release may include,
and oral statements made from time to time by representatives of
the Company may include, “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements regarding possible business combinations and the
financing thereof, and related matters, as well as all other
statements other than statements of historical fact included in
this press release are forward-looking statements. When used in
this press release, words such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions, as they relate to us or
our management team, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of management,
as well as assumptions made by, and information currently available
to, the Company’s management. Actual results could differ
materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company’s
filings with the Securities and Exchange Commission (“SEC”). All
subsequent written or oral forward-looking statements attributable
to us or persons acting on our behalf are qualified in their
entirety by this paragraph. 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
Company’s initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contact
Michael Sedoy,
CFACFO713.337.4075info@gogreeninvestments.com
GoGreen Investments (NYSE:GOGN.U)
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