Welcome to our dedicated page for Clean Energy news (Ticker: SWSSU), a resource for investors and traders seeking the latest updates and insights on Clean Energy stock.
Clean Energy Special Situations Corp. (SWSSU) maintains this dedicated news hub for tracking strategic developments in renewable energy markets. Our repository offers investors and industry observers direct access to official announcements, including:
• Quarterly earnings reports and financial updates
• Strategic partnership announcements
• Regulatory compliance milestones
• Special situation investment disclosures
This curated collection enables stakeholders to monitor the company's unique approach to clean energy opportunities through verified sources. All content undergoes strict verification to ensure alignment with financial reporting standards.
Bookmark this page for timely updates on SWSSU's market activities, including analysis of renewable energy sector trends impacting investment decisions. For comprehensive research, cross-reference these updates with SEC filings and official corporate communications.
Clean Energy Special Situations Corp. (SWSS), a publicly traded SPAC, announced a non-binding letter of intent for a business combination with a leading B2B iGaming technology platform company. The target company provides technology solutions for global iGaming operators, including sportsbook, casino games, poker, lottery, and fantasy offerings. In 2023, the target recorded unaudited revenues exceeding 70 million euros and is anticipating significant growth in 2024 and 2025. The target's equity holders will roll 100% of their equity into the combined public company. The definitive merger agreement is expected by early Q3 2024, subject to due diligence, negotiation, and approval by both companies' boards and stockholders. Completion of the transaction is not guaranteed.
Clean Energy Special Situations Corp. announced on May 29, 2024, that it received a notification from Nasdaq regarding the suspension of its securities' trading. The company failed to file its Form 10-Q for Q1 2024 by March 31, 2024, adding to previous delinquencies, including non-payment of fees and failure to file its Annual Report for 2023. The company has a hearing scheduled on June 11, 2024, to appeal Nasdaq's decision. However, there are no assurances that the appeal will be successful or that the company will meet compliance within any extension period if granted.
Clean Energy Special Situations Corp. received a notice from Nasdaq regarding the suspension of trading of securities due to non-compliance with listing standards and failure to file the 2023 Form 10-K. The Company plans to appeal the decision before a Nasdaq Hearings Panel to prevent delisting.
Springwater Special Situations Corp. (NASDAQ: SWSSU) announced that starting on September 23, 2021, holders of its units from the IPO can separately trade shares of common stock and warrants. The common stock and warrants will trade under the symbols SWSS and SWSSW, respectively. Units not separated will continue trading as SWSSU. The company is a Delaware blank check entity aiming for business combinations across various industries. EarlyBirdCapital was the sole book-running manager for the IPO, which occurred in August 2021.
Springwater Special Situations Corp. closed the sale of 2,118,624 additional units at $10.00 each, generating gross proceeds of $21,186,240 through an over-allotment option linked to its initial public offering. With this closing, the total proceeds from the IPO amount to $171,186,240. Each unit comprises one share of common stock and half a redeemable warrant. The units are trading on Nasdaq under the ticker symbol SWSSU, while common stock and warrants are expected to list as SWSS and SWSSW. The company is pursuing mergers and acquisitions across diverse industries.
Springwater Special Situations Corp. has successfully closed its initial public offering (IPO) of 15,000,000 units at $10.00 each, totaling $150 million. The units began trading on Nasdaq under the ticker symbol SWSSU on August 26, 2021. Each unit comprises one share of common stock and one-half of a redeemable warrant, with whole warrants exercisable at $11.50 per share. The company is a blank check entity aiming to pursue mergers or acquisitions across various industries and regions. Underwriters have a 45-day option to purchase an additional 2,250,000 units to cover over-allotments.
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