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Environmental Impact Acquisition Corp. announced that starting March 8, 2021, holders of 20,700,000 units from its initial public offering can separate and trade Class A common stock and warrants on Nasdaq under the symbols 'ENVI' and 'ENVIW'. Those who do not separate their units will trade under 'ENVIU'. The Company, a blank check entity, aims to pursue businesses that offer environmentally beneficial products and services. Canaccord Genuity managed the initial offering, with a registration statement effective since January 13, 2021.
Environmental Impact Acquisition Corp. has successfully closed its upsized initial public offering, issuing 20,700,000 units at $10.00 each. The offering, which began trading on Nasdaq under the ticker symbol ENVIU, includes 2,700,000 units from an over-allotment option. Each unit consists of one share of Class A common stock and a half warrant, allowing purchase of additional shares at $11.50. The net proceeds will be used for merger or acquisition activities. Anchor investor HB Strategies LLC acquired 2,000,000 warrants totaling $2 million.
Environmental Impact Acquisition Corp. announced its upsized IPO of 18 million units priced at $10.00 each, set to start trading on Nasdaq under the symbol ENVIU on January 14, 2021. Each unit comprises one Class A common stock share and half a warrant, with whole warrants available for $11.50 each. The offering will close on January 19, 2021, pending customary conditions. The company aims to use the proceeds for business combinations focused on environmental impact. Canaccord Genuity is the book-running manager, and a 45-day option for underwriters to purchase an additional 2.7 million units is included.
