GoGreen Investments, a blank check company targeting the energy transition space, raised $240 million by offering 24 million units at $10. The company offered 4 million more units than anticipated. It originally planned to offer 25 million before lowering the proposed deal size in September. Each unit now consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
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 plans to list on the NYSE under the symbol GOGN.U. Citi and Credit Suisse acted as joint bookrunners on the deal.
