GoGreen Investments Corporation Confirms Funding and Extension of Deadline to Complete Initial Business Combination
April 17 2023 - 6:01AM
GoGreen Investments Corporation (NYSE: GOGN.U) (the “Company” or
“GoGreen”) announced today that it has issued a promissory note in
the principal amount of up to $2,760,000 (the “Extension Note”) to
GoGreen Sponsor 1 LP and Lifezone Limited, which have deposited an
aggregate amount of $2,760,000 (representing $0.10 per
public share) (the “Extension Loan”) into the Company’s trust
account (the “Trust Account”) for its public stockholders.
The Extension Loan enables the Company to extend the date by
which the Company must complete its initial business combination
(the “Extension”) from April 25, 2023, to July 25,
2023 (the “Extended Date”). The Extension is the second of two
three-month extensions permitted under the Company’s governing
documents. The proceeds of the Extension Loan will be held in the
Trust Account and used to fund any redemptions of the Company’s
public shares.
The Extension Note is non-interest bearing and non-convertible.
If the Company does not complete an initial business combination by
the Extended Date, the Extension Loan will be repaid exclusively
from funds held outside of the Trust Account.
About GoGreen Investments
CorporationGoGreen Investments Corporation is a blank
check company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses. While the
Company may pursue an initial business combination target in any
business or industry, it intends to focus its search on companies
in the clean/renewable energy space. GoGreen is led by Chief
Executive Officer John Dowd.www.gogreeninvestments.com
Forward-Looking StatementsThis press release
may include, and oral statements made from time to time by
representatives of the Company may include “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements regarding possible business
combinations and the financing thereof, and related matters, as
well as all other statements other than statements of historical
fact included in this press release are forward-looking statements.
When used in this press release, words such as “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the Company’s initial public offering filed with the
SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Company Contact
Michael Sedoy, CFACFO713.337.4075info@gogreeninvestments.com
GoGreen Investments (NYSE:GOGN.U)
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