CleanTech Acquisition Corp. Announces Closing of $150 Million Initial Public Offering
July 19 2021 - 2:27PM
CleanTech Acquisition Corp. (the "Company") announced today
that it closed its initial public offering of 15,000,000 units at a
price of $10.00 per unit. The units are listed on The
Nasdaq Capital Market ("Nasdaq") and began trading under the ticker
symbol "CLAQU" on July 15, 2021. Each unit consists of one
share of common stock, par value $0.0001, one right and
one-half of one redeemable warrant. Each right entitles the holder
thereof to receive one-twentieth (1/20) of one share of common
stock upon the consummation of an initial business combination.
Each warrant entitles the holder thereof to purchase one share of
common stock at a price of $11.50 per whole share. Once
the securities comprising the units begin separate trading, the
shares of common stock, rights and warrants are expected to trade
on Nasdaq under the symbols "CLAQ," "CLAQR" and "CLAQW,"
respectively.
Chardan acted as sole book-running manager of the offering. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 2,250,000 units at the initial public offering
price to cover over-allotments, if any.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on July 14, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus, copies
of which may be obtained by contacting Chardan, 17 State Street,
21st Floor, New York, New York 10004. Copies of the
registration statement can be accessed through the SEC's website
at www.sec.gov.
About CleanTech Acquisition Corp.
CleanTech Acquisition Corp. is a blank check company formed for
the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. While CleanTech Acquisition Corp. may pursue an initial
business combination in any region or sector, CleanTech Acquisition
Corp. will seek to identify, through its management team’s
experience and expertise, a business that aims to contribute
towards the mission of shifting the world away from carbon
dependency and facilitating a greener future.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contact:
Eli Spiro Chief Executive Officer, CleanTech Acquisition Corp.
(917) 699-5990
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