Company Overview Summary

Business Focus

• Type of Company: Blank check company (SPAC)
• Formation Date: December 6, 2021
• Jurisdiction: Cayman Islands (exempted company)
• Primary Industry Focus: Sustainable energy, including:
  • Climate change initiatives
  • Environmental technologies
  • Renewable energy sources (solar, wind, hydro, biofuels, hydrogen)
  • Clean and emerging technologies (e.g., GreenRock)

Investment & Acquisition Strategy

• Focuses on acquiring companies within the green energy sector in OECD countries
• Targets businesses with:
  • Sustainable competitive advantages
  • Green power assets (contracted and merchant revenues)
  • Capital needs for growth, scaling, or strategic repositioning
  • Strong ESG and sustainability standards
• Invests in companies that can deliver attractive risk-adjusted returns and have positive environmental and social impacts

Business Model & Methodology

• Manages a publicly listed platform to facilitate accelerated growth of target companies
• Seeks targets with defensible market positions, recurring revenues, and predictable cash flows
• Focuses on green technology innovations, next-generation wind, solar, battery, and hydrogen tech
• Prioritizes targets with potential for organic and inorganic growth
• Evaluates targets based on market opportunity, technological differentiation, operational strength, and ESG compliance

Operational Details

• No current operations; will seek to complete a business combination (initial merger/acquisition)
• Will use proceeds from the initial public offering (IPO) and private placements for acquisitions
• Has approximately $29.4 million available (as of December 31, 2024) for initial business combination
• The company has a management team with extensive experience in renewable energy investment, infrastructure, and capital markets

Strategic Commitments & Regulatory Environment

• Must complete an initial business combination by May 2, 2025 (extended multiple times, latest to November 2, 2025)
• Has provisions for redemptions, shareholder approval, and tools to manage potential risks
• Focuses on responsible and sustainable investment principles, including adherence to UN SDGs

Key Agreements & Corporate Actions

• Entered into a GreenRock Business Combination Agreement (aiming to merge with GreenRock)
• Termination of previous proposed business merger with EEW in November 2023
• Amended the GreenRock deal to extend outside date to May 2, 2025 and reduce escrow shares
• Management led by CEO Per Regnarsson and supported by Chairman Charles Ratelband V
• No employee count or specific revenues or profits disclosed; the company is currently in pre-operational stage awaiting a business combination

Financial & Customer Data

• No revenue, net income, or customer figures provided
• No information on employees other than the management team (CEO and Chairman)
• No operational metrics, customer or client data included in the provided filing

Note: The company is a shell entity poised to acquire a target in the sustainable energy industry; it does not currently have operational revenue, customer counts, or income figures available.