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Climate Transition Special Opportunities SPAC I is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company is conducting an initial public offering of 17,250,000 units, each consisting of one Class A ordinary share and one-third of one redeemable warrant, at a price of $10.00 per unit, for total maximum offering proceeds of $172,500,000. An additional 2,250,000 units may be issued if the underwriters exercise their over-allotment option in full. The company's sponsor, Climate Transition Special Opportunities SPAC I LP, has purchased founder shares and will purchase private placement warrants. The net proceeds from the offering will be placed in a trust account and used to complete an initial business combination within a specified timeframe. The company has not selected any specific business combination target and has no operating history. The offering is being made to raise capital to identify and complete a business combination with a company focused on climate transition opportunities.
Offering Amount
$238.6M
Shares Offered
17,250,000
Offering Amount
$172,500,000
Share Type
Class A ordinary shares
Exchange
NYSE
Use of Proceeds: Net proceeds will be placed in a trust account and used to complete an initial business combination.
Special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.