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ECP Environmental Growth Opportunities Corp. announced that starting April 1, 2021, investors can separately trade shares of Class A common stock and warrants from their initial public offering units. The shares will be traded under the ticker symbols ENNV for Class A stock and ENNVW for warrants, while unseparated units continue to trade under ENNVU. The initial public offering was led by Barclays, Morgan Stanley, and BMO Capital Markets. A registration statement is effective as of February 8, 2021.
ECP Environmental Growth Opportunities Corp. successfully closed its initial public offering (IPO) of 34,500,000 units on February 11, 2021, raising gross proceeds of $345 million. Each unit, priced at $10.00, consists of one share of Class A common stock and one-quarter redeemable warrant, with warrants exercisable at $11.50 per share. The company, a special purpose acquisition entity, aims to target businesses in North America focused on combating climate change and enhancing sustainability. The units began trading on Nasdaq under the ticker symbol 'ENNVU' on February 9, 2021.
ECP Environmental Growth Opportunities Corp. announced the pricing of its initial public offering (IPO) of 30,000,000 units at $10.00 per unit, set to trade on Nasdaq under the symbol ENNVU starting February 9, 2021. The company aims to merge or acquire businesses combating climate change, focusing on reducing carbon intensity and enhancing energy efficiency in North America. The offering may close on February 11, 2021, and includes a 45-day option for underwriters to purchase an additional 4,500,000 units. The units consist of one share of Class A common stock and one-quarter of a redeemable warrant.
