ClimateRock prices $75M IPO, trading starts today

By Khyathi Dalal, 

ClimateRock (CLRC) priced its 7.5M units IPO at an offer price of $10/unit; each unit consists of one Class A ordinary share, one-half of one redeemable warrant and one right to receive one-tenth of one Class A ordinary share.

Each whole warrant holder entitles to purchase one Class A ordinary share, and each ten rights entitle the holder thereof to receive one Class A ordinary share on business closure.
The exercise price of the warrants is $11.50/share.
Underwriters granted 45-day option to purchase up to 1.13M additional units.
Units are expected to trade on the Nasdaq under the symbol, “CLRCU” from today.
Offer is expected to close on May 2.

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