Invest Green Acquisition (NASDAQ: IGAC) outlines SPAC capital, trust and deadline
Invest Green Acquisition Corporation (IGAC), a blank check company, has detailed its financial structure, including the $172.5 million raised through its IPO and an additional $4.35 million from a private placement, leading to $176.85 million being placed in a trust account. The company aims to complete a business combination in the renewable energy, sustainable finance, or nuclear energy sectors by November 26, 2027, with $165.6 million initially available for this purpose after deferred underwriting fees. IGAC is classified as an emerging growth company and a smaller reporting company, allowing for reduced disclosure requirements, and public shareholders have redemption rights with limitations.