Agriculture & Natural Solutions Acquisition, a blank check company backed by Riverstone and Impact Ag focused on decarbonization in agriculture, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Agriculture & Natural Solutions Acquisition would command a market value of $375 million.
Agriculture & Natural Solutions Acquisition previously filed for an IPO in October 2021 under the name Decarbonization Plus Acquisition V (DCREU), but the offering was declared abandoned by the SEC in December 2022.
The SPAC is now led by CEO and Director Bert Glover, the founder and Managing Director of asset management firm Impact Ag, and Chairman David Leuschen, co-founder and Senior Managing Director of Riverstone. It plans to leverage its sponsors' platforms to identify, acquire and build a company whose principal effort is developing and advancing a platform that decarbonizes the traditional agriculture sector and enhances natural capital at scale.
Agriculture & Natural Solutions Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol ANSCU. Citi is the sole bookrunner on the deal.
