Initial Business Combination

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CLIMATEROCK ANNOUNCES ADJOURNMENT OF SHAREHOLDER MEETING TO 11:00 AM EASTERN TIME MAY 1, 2025
Globenewswire· 2025-04-30 20:48
Core Points - ClimateRock announced an extension of time for its initial business combination from May 2, 2025, to November 2, 2025, and has adjourned the Special Meeting to May 1, 2025 [1] - The deadline for holders of Class A ordinary shares to submit their shares for redemption in connection with the Extension is now set for 9:00 a.m. Eastern time on May 1, 2025 [2] Company Overview - ClimateRock is a special purpose acquisition company focused on entering into a merger or similar business combination, particularly within the sustainable energy industry in OECD countries, including areas related to climate change, environment, and renewable energy [3]
CLIMATEROCK ANNOUNCES REVISED MONTHLY SPONSOR CONTRIBUTION OF $0.04 PER SHARE TO TRUST ACCOUNT FOR PROPOSED EXTENSION
Globenewswire· 2025-04-29 21:20
Core Viewpoint - ClimateRock is seeking shareholder approval to extend the deadline for completing its initial business combination from May 2, 2025, to November 2, 2025, with financial support from its Sponsor in the form of a loan for unredeemed shares [1][2]. Group 1: Extension Proposal - The Sponsor will contribute $0.04 per Class A ordinary share sold in the initial public offering for each month until the new deadline, potentially increasing the redemption amount to approximately $12.34 per unredeemed share if the full extension is utilized [1]. - Contributions will be deposited in the trust account within seven days of the start of each Extension Period and are contingent upon the approval and implementation of the Extension [2]. - If the Company does not utilize the remaining Extension Period, it will liquidate and dissolve according to its charter [2]. Group 2: Redemption and Financial Terms - The deadline for shareholders to submit their shares for redemption in connection with the Extension has been extended to April 30, 2025, at 10:00 a.m. Eastern time [3]. - The Company has agreed to waive its right to withdraw up to $50,000 of interest accrued on its trust account for dissolution expenses if it liquidates before completing a business combination [4]. - If the Extension is approved, all accrued interest will remain in the trust account and will be released to public shareholders upon certain conditions being met [4]. Group 3: Company Overview - ClimateRock is a special purpose acquisition company focused on mergers and acquisitions within the sustainable energy sector, including climate change and renewable energy technologies [5].