CH4 Natural Solutions Acquisition, a blank check company backed by Impact Ag, Riverstone's David Leuschen, and Overview Capital's Lauren Singer, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, CH4 Natural Solutions Acquisition would command a market value of $320 million.
CH4 Natural Solutions Acquisition is led by CEO and Director David Leuschen, co-founder and Senior Managing Director of private equity firm Riverstone, and Chairman Bert Glover, the founder and Managing Director of asset management firm Impact Ag. The SPAC's sponsor group includes Leuschen, Impact Ag, and Lauren Singer, the co-founder and Managing Partner of climate-focused venture fund Overview Capital. The SPAC plans to target businesses with significant real-asset footprints that may benefit from accelerated methane mitigation initiatives at scale, likely in the agriculture and traditional energy sectors.
Glover and Leuschen also led the SPAC Agriculture & Natural Solutions Acquisition (ANSC; +6% from $10 offer price), which has a pending merger agreement with Australian agricultural firm Australian Food & Agriculture.
CH4 Natural Solutions Acquisition was founded in 2024 and plans to list on the NYSE under the symbol MTNE.U. Citi is the sole bookrunner on the deal.
