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CBRE Acquisition Holdings (NYSE: CBAH) announced that stockholders approved the business combination with Altus Power, Inc. during a special meeting held on December 6, 2021, with approximately 90.3% of votes in favor. The business combination is set to close on December 9, 2021, with Altus Power’s Class A shares and warrants commencing trading on the NYSE under the symbols 'AMPS' and 'AMPS WS' on December 10, 2021. Shareholders can withdraw redemption requests until December 8, 2021.
CBRE Acquisition Holdings, Inc. (NYSE: CBAH) and Altus Power, Inc. announced the fulfillment of the minimum cash condition for their upcoming business combination. The special meeting of CBAH stockholders is scheduled for December 6, 2021, with the closing expected on December 9, 2021. Following the combination, Altus Power's Class A shares and warrants will start trading on the NYSE under the symbols 'AMPS' and 'AMPS WS' on December 10, 2021. The deadline for stockholders to withdraw redemption requests has also been extended to December 8, 2021.
CBRE Acquisition Holdings (CBAH) urges stockholders to vote on the upcoming Business Combination with Altus Power, a clean electrification company. The Special Meeting for stockholder approval is scheduled for December 6, 2021. Stockholders who held shares as of October 27, 2021, retain voting rights, even if shares were sold after the record date. CBAH's board recommends voting in favor of the merger, which includes significant strategic potential for market expansion and sustainability initiatives. Detailed voting instructions and proxy materials are available on the CBAH website.
Altus Power, Inc. announced a new Board of Directors to be appointed following its merger with CBRE Acquisition Holdings, Inc. (CBAH), subject to stockholder approval at the December 6, 2021 meeting. The new Board emphasizes governance and diversity, with a majority of independent directors, including women as major contributors. Notably, Christine Detrick is nominated as chairperson. The proposed Board members bring extensive experience from finance, human resources, and energy sectors, aiming to guide Altus Power in its growth trajectory.
CBRE Acquisition Holdings (NYSE: CBAH) urges its stockholders to vote for the upcoming business combination with Altus Power, a prominent clean electrification company. The Special Meeting is set for December 6, 2021, at 10:00 a.m. ET. Shareholders who held shares as of October 27, 2021, retain voting rights, even if shares are sold. CBAH's board recommends voting 'FOR' the Business Combination. Voting can be done online, at the meeting, or by mail. All details regarding the vote and the business combination are available in the filed Registration Statement and definitive proxy statement/prospectus.
CBRE Acquisition Holdings, Inc. (NYSE: CBAH) urges stockholders to vote in favor of its business combination with Altus Power, Inc., a leading clean electrification firm. The Special Meeting is set for December 6, 2021, at 10:00 a.m. ET. All stockholders as of the October 27, 2021 record date can participate in voting, even if shares have been sold. CBAH's board recommends voting 'FOR' the Business Combination, and multiple voting methods are available. Detailed proxy information is accessible through the SEC and CBAH's website.
CBRE Group and Altus Power have formed a partnership to create a new tool aimed at identifying clean energy opportunities for commercial real estate. This advanced application utilizes CBRE's extensive real estate data and AI capabilities to model energy demand and assess solar energy potential. The collaboration aims to help property owners reduce costs and carbon footprints. Additionally, CBAH, the parent company of CBRE, is moving forward with plans for a business combination with Altus Power, expected to make it a publicly traded company.
Altus Power reported strong financial results for Q3 2021, with revenues reaching $20.1 million, up 53% year-over-year. However, the company posted a net loss of $1.3 million, a significant decrease from a net income of $1.9 million in Q3 2020. Adjusted EBITDA rose 58% to $12.0 million. Altus Power continues to expand its operational footprint, acquiring solar assets in multiple states and maintaining a robust pipeline of over 900 MW. A stockholder meeting is scheduled for December 6, 2021, to discuss the business combination with CBAH.
CBRE Acquisition Holdings, Inc. (NYSE: CBAH) is urging stockholders to vote for the proposed business combination with Altus Power, a leader in clean electrification. The special meeting is set for December 6, 2021, at 10:00 a.m. ET, and stockholders who owned shares as of October 27, 2021, have the right to vote. CBAH’s board recommends voting 'FOR' the merger and related proposals. The deadline for internet votes is December 5, 2021, at 11:59 p.m. ET. This merger aims to enhance growth and market presence in the clean energy sector.
