false
0001903392
00-0000000
0001903392
2026-10-19
2026-10-19
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 19, 2026
ClimateRock
(Exact name of registrant as specified in its charter)
| Cayman Islands |
|
001-41363 |
|
N/A |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
25 Bedford Square
London, WC1B 3HH, United Kingdom
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: + 44 730 847 5096
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☒ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry Into A Material Definitive Agreement.
As
previously disclosed by ClimateRock, a Cayman Islands exempted company (“ClimateRock”), in its Current Report on Form
8-K filed with the Securities and Exchange Commission on March 21, 2025, ClimateRock entered into an Amended and Restated Agreement and
Plan of Merger (the “Merger Agreement”) with GreenRock Corp, a Cayman Islands exempted company (“GreenRock”),
ClimateRock Holdings Limited, a Cayman Islands exempted company and a wholly owned subsidiary of ClimateRock (“Holdings”),
ClimateRock Merger Sub Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of Holdings (“SPAC Merger Sub”),
and GreenRock Merger Sub Corp., a Cayman Islands exempted company and a wholly owned subsidiary of Holdings (“Company Merger
Sub”) (all of the transactions contemplated by the Merger Agreement, including the issuances of securities thereunder, the “Business
Combination”).
On
October 19, 2026, ClimateRock, GreenRock, Holdings, SPAC Merger Sub, and Company Merger Sub amended the Merger Agreement (the “Amendment
to the Merger Agreement”), pursuant to which the Merger Agreement was amended to, among other things (i) remove the contemplated
acquisition of TEP Renewables Limited as a closing condition, (ii) remove the earnout escrow, and (iii) extend the Outside Date under
the Merger Agreement from May 2, 2025, to March 31, 2027.
The
foregoing description of the Amendment to the Merger Agreement does not purport to be complete and is subject to and qualified in its
entirety by reference to the Amendment to the Merger Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Important Information About the Business Combination and Where
to Find It
In
connection with the Merger Agreement and the proposed Business Combination, Holdings filed with the U.S. Securities and Exchange Commission
(the “SEC”) a registration statement/proxy statement on Form F-4 that also constitutes a prospectus of Holdings
with respect to the ordinary shares of Holdings (“Holdings Ordinary Shares”) to be issued in the proposed Business
Combination (as amended, the “proxy statement/prospectus”). The definitive proxy statement/prospectus (if and when
available) will be delivered to ClimateRock’s shareholders. ClimateRock may also file other relevant documents regarding the proposed
transaction with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF CLIMATEROCK ARE URGED TO
READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE SEC IN CONNECTION
WITH THE PROPOSED BUSINESS COMBINATION, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY, BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.
Investors
and security holders may obtain free copies of the proxy statement/prospectus (if and when available) and other documents that are filed
or will be filed with the SEC by ClimateRock and/or Holdings through the website maintained by the SEC at www.sec.gov. Copies of the documents
filed with the SEC by ClimateRock will be available free of charge from ClimateRock’s website at https://www.climate-rock.com/or
by contacting its Chief Executive Officer, Per Regnarsson, c/o ClimateRock, 25 Bedford Square, WC1B 3HH, London, United Kingdom, at +44
730 847 5096 or at info@climate-rock.com.
Participants in the Solicitation
ClimateRock, Holdings and
GreenRock and their respective directors and officers may be deemed to be participants in the solicitation of proxies from ClimateRock’s
shareholders in connection with the Business Combination. Information about ClimateRock’s directors and executive officers and their
ownership of ClimateRock’s securities is set forth in ClimateRock’s filings with the SEC, including ClimateRock’s final
prospectus in connection with its initial public offering, which was filed with the SEC on April 29, 2022 and the proxy statement/prospectus.
To the extent that such persons’ holdings of ClimateRock’s securities have changed since the amounts disclosed in ClimateRock’s
final prospectus in connection with its initial public offering or the proxy statement/prospectus, such changes have been or will be reflected
on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the names and interests in the Business
Combination of ClimateRock’s and GreenRock’s respective directors and officers and other persons who may be deemed participants
in the Business Combination may be obtained by reading the preliminary proxy statement/prospectus regarding the Business Combination and
the definitive proxy statement/prospectus regarding the Business Combination when it becomes available. You may obtain free copies of
these documents as described in the preceding paragraph.
Forward-Looking Statements
This Current Report on Form
8-K contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed Business
Combination between GreenRock and ClimateRock and Holdings, including statements regarding the benefits of the Business Combination, the
anticipated timing of the completion of the Business Combination, the services offered by GreenRock and the markets in which it operates,
the expected total addressable market for the services offered by GreenRock, the sufficiency of the net proceeds of the proposed Business
Combination to fund GreenRock’s operations and business plan and GreenRock’s projected future results. These forward-looking
statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,”
“estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,”
“will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements
about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many
factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not
limited to: (i) the risk that the Business Combination may not be completed in a timely manner or at all; (ii) the risk that the Business
Combination may not be completed by ClimateRock’s business combination deadline and the potential failure to obtain a further extension
of the business combination deadline if sought by ClimateRock; (iii) the failure to satisfy the ClimateRock’s public shareholders,
and to receive certain governmental and regulatory approvals; (iv) the occurrence of any event, change or other circumstance that could
give rise to the termination of the Merger Agreement; (v) the effect of the announcement or pendency of the Business Combination on GreenRock’s
business relationships, performance, and business generally; (vi) risks that the Business Combination disrupts current plans and operations
of GreenRock as a result; (vii) the outcome of any legal proceedings that may be instituted against GreenRock, ClimateRock, Holdings or
others related to the Merger Agreement or the Business Combination; (viii) the ability of Holdings to satisfy Nasdaq Stock Exchange listing
standards at or following the consummation of the Business Combination; (ix) the ability to recognize the anticipated benefits of Business
Combination, which may be affected by a variety of factors, including changes in the competitive and highly regulated industries in which
GreenRock (and following the Business Combination, Holdings) operates, variations in performance across competitors and partners, changes
in laws and regulations affecting GreenRock’s business and the ability of GreenRock and the post-combination company to retain its
management and key employees; (x) the ability to implement business plans, forecasts, and other expectations after the completion of the
Business Combination; (xi) the risk that GreenRock (and following the Business Combination, Holdings) will need to raise additional capital
to execute its business plan, which may not be available on acceptable terms or at all; (xii) the risk that Holdings experiences difficulties
in managing its growth and expanding operations; (xiii) the risk of cyber security or foreign exchange losses; (xiv) the effects of regional
wars and conflicts on the business and results of operations of GreenRock (and following the Business Combination, Holdings) and the global
economy generally; and (xv) the costs related to the Business Combination. The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of
ClimateRock’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form F-4 and preliminary
proxy statement/prospectus that has been filed by Holdings, and other documents filed by ClimateRock and Holdings from time to time with
the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements, and GreenRock and ClimateRock assume no obligation and
do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither GreenRock nor ClimateRock gives any assurance that either GreenRock or ClimateRock will achieve its expectations.
No Offer or Solicitation
This Current Report on Form
8-K will not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business
Combination. This Current Report on Form 8-K will also not constitute an offer to sell or the solicitation of an offer to buy any securities,
nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by
means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or an exemption therefrom.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is filed with this Form 8-K:
| Exhibit No. |
|
Description |
| 2.1* |
|
Amendment to the Amended and Restated Agreement and Plan of Merger, dated as of October 19, 2026, by and among ClimateRock, Holdings, SPAC Merger Sub, Company Merger Sub and GreenRock. |
| |
|
|
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| * |
The exhibits and schedules to this Exhibit have been omitted in accordance with Item 601(b)(2) of Regulation S-K. The Registrant agrees to furnish supplementally to the SEC a copy of all omitted exhibits and schedules upon its request. |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
ClimateRock |
| |
|
| |
By: |
/s/ Per Regnarsson |
| |
|
Name: |
Per Regnarsson |
| |
|
Title: |
Chief Executive Officer |
Dated: October 20, 2026