‘Green’ SPAC on the stock exchange
Today, one week after the IPO of Crystal Peak Acquisition, the Amsterdam stock exchange welcomes the sixth SPAC this year: Climate Transition Capital Acquisition 1 (CTCA 1). CTCA 1 will raise €190 million with this IPO. The aim is to accelerate the European energy transition by bringing together public capital and green companies.
Update: Climate Transition has failed to find a merger partner and will be wound up after returning approximately the invested amounts in June 2023.