GoGreen Investments Corporation (NYSE: GOGN.U) has announced an extension for completing its business combination, moving the deadline from January 25, 2023, to April 25, 2023. This is the first of two possible three-month extensions allowed by its governing documents. The sponsor, GoGreen Sponsor 1 LP, will deposit $2,760,000 (or $0.10 per public share) into the trust account to facilitate this extension. GoGreen focuses on merging with firms in the clean/renewable energy sector and aims to identify suitable targets during this extended timeframe.
Lifezone Metals has announced a business combination with GoGreen Investments (GOGN) to create a leading nickel resource and green technology company. The transaction, valued at approximately $1 billion, will provide over $357 million in cash to support growth. Lifezone aims to produce cleaner battery metals using proprietary technology that significantly reduces carbon emissions. With a focus on the Kabanga nickel project in Tanzania, Lifezone seeks to establish a reliable nickel supply chain for the U.S. and Europe, addressing the supply deficit for electric vehicle batteries.
GoGreen Investments Corporation announced its initial public offering (IPO) upsizing to 24,000,000 units at $10.00 each, up from 20,000,000 units. Trading will commence on October 21, 2021, under the ticker 'GOGN.U' on NYSE. Each unit includes one Class A ordinary share and half a redeemable warrant, which allows purchase of one Class A ordinary share at $11.50. The company focuses on mergers and acquisitions in the clean energy sector. Citigroup and Credit Suisse are managing the offering, with an option to purchase an additional 3,600,000 units for over-allotments.