GoGreen Investments, a blank check company targeting the energy transition space, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The Houston, TX-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, GoGreen Investments would command a market value of $320 million.
The company is led by CEO and Chairman John Dowd, who previously served as Portfolio Manager at Fidelity Research & Management, managing its energy- and natural resources-oriented sector funds. The company plans to target the clean/renewable energy ("energy transition") space, focusing on businesses that are actively engaged in creating and deploying technology, services, or other offerings that contribute to energy transition in the power generation, industrial, transportation, or other industries.
GoGreen Investments was founded in 2021 and plans to list on the NYSE under the symbol GOGN.U. The company filed confidentially on April 21, 2021. Citi and Credit Suisse are the joint bookrunners on the deal.
