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European Sustainable Growth Acquisition Corp. announced the sale of 1,875,000 additional units through the over-allotment option from its IPO, generating $18,750,000 in gross proceeds. These units, listed on Nasdaq under the ticker EUSGU since January 22, 2021, comprise one Class A ordinary share and one-half warrant, with whole warrants entitling purchase at $11.50 per share. The total proceeds from the IPO, including the over-allotment, amounted to $143,750,000, deposited in trust. The company focuses on acquiring sustainable, technology-driven businesses in Europe.
European Sustainable Growth Acquisition Corp announced the successful closing of its initial public offering (IPO), raising $125 million from selling 12,500,000 units at $10.00 per unit. The units began trading on Nasdaq under the ticker symbol EUSGU on January 22, 2021. Each unit comprises one Class A ordinary share and half a warrant, which can be exercised at $11.50 per share. The company intends to pursue high-growth, tech-enabled businesses that align with sustainability goals. The IPO proceeds are now held in a trust account, with an overallotment option of 1,875,000 units.
