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Sustainable Development Acquisition I Corp. (SDAC) is a public benefit corporation and a pending B corp focused on acquiring businesses that address global challenges identified by the United Nations Sustainable Development Goals (SDGs). The company targets critical sectors, including water, food & agriculture, renewable energy, environmental resource management, and supporting technologies.
SDAC was formed through a partnership between RRG Global Partners Fund, affiliated with Renewable Resources Group, and the Sustainable Investors Fund, affiliated with Capricorn Investment Group, a certified B Corp. Both firms are committed to market-based opportunities that not only add financial value but also generate significant environmental and social benefits. They aim to reduce risks associated with environmental regulations, labor, or natural resource supplies while leveraging their expertise and extensive investment portfolios.
With a global footprint and a team of over 80 investment professionals, SDAC covers North and South America, Europe, and Asia. The company’s extensive network of sustainability-focused investors and their combined international platforms allow SDAC to make impactful investments that align with sustainable development goals.
SDAC’s recent achievements include forming strategic partnerships with leading firms in the sustainability sector and initiating projects aimed at enhancing environmental resource management and renewable energy solutions. The company is actively involved in various innovative projects that contribute to sustainability while providing solid returns for its investors.
SDAC’s financial condition remains robust, supported by its strategic investments and partnerships with major players in the industry. The company’s focus on sustainability ensures long-term growth and stability, making it a valuable addition to any investment portfolio. With ongoing projects and future plans aimed at addressing global environmental challenges, SDAC is well-positioned to make a significant impact in the sustainability sector.
Sustainable Development Acquisition I Corp. (NASDAQ: SDAC) is set to hold its virtual 2022 Annual Meeting of Shareholders on December 28, 2022, at 3:00 p.m. EDT. Shareholders can register and access meeting details through the provided link. Voting will occur for the election of five directors to serve until the 2024 Annual Meeting. The record date for voting eligibility is December 12, 2022. Shareholders with a control number can fully participate, while others can only ask questions. The meeting enables shareholders to engage without in-person attendance.
Sustainable Development Acquisition I Corp. (NASDAQ: SDAC) received a noncompliance notice from Nasdaq on April 19, 2022, due to its late filing of the Annual Report on Form 10-K for the year ended December 31, 2021. The company had 60 days to submit a compliance plan, but successfully regained compliance by filing the Form 10-K on April 22, 2022. This action eliminated the need for a formal plan. Nasdaq's notice does not affect the current listing or trading of the company's securities.
Sustainable Development Acquisition I Corp. (NASDAQ: SDAC) received a noncompliance notice from Nasdaq due to its failure to file the Quarterly Report on Form 10-Q for the quarter ending September 30, 2021. The company was given 60 days to submit a plan for compliance. However, SDAC regained compliance by filing the Form 10-Q on November 30, 2021, thus avoiding the need for a formal compliance plan. On December 1, 2021, Nasdaq confirmed the company's compliance with Listing Rule 5250(c)(1), closing the matter.
Sustainable Development Acquisition I Corp. announces that starting March 29, 2021, holders of its units can trade shares of Class A common stock and associated warrants separately. The Class A common stock will trade under the symbol SDAC, while the warrants will trade under SDACW. Units that remain unseparated will continue trading under SDACU. It is noted that no fractional warrants will be issued, and to separate units, brokers must contact the Company's transfer agent.
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