CleanTech Acquisition Corp. (NASDAQ: CLAQW) is a publicly traded special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies in the clean technology and sustainability sectors. Founded and incorporated in Delaware, the company seeks to leverage its sponsors’ expertise to partner with emerging or established businesses focused on decarbonization, renewable energy, energy efficiency, electric mobility, water and waste management, and related technologies aimed at reducing environmental impact.
The company’s primary objective is to use the proceeds from its initial public offering—along with any additional private investments—to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with a target operating company. CleanTech Acquisition is structured with a 36-month timeline to complete its initial business combination, during which it evaluates targets on criteria such as scalability, sustainability impact, revenue growth potential, and technological differentiation within the broader clean-tech ecosystem.
CleanTech Acquisition’s sponsor group brings together professionals with backgrounds in finance, engineering, and environmental science to support target identification, diligence, and post-transaction integration. Although the company has not yet announced a definitive merger agreement, its management team continues to engage with prospective partners across North America, Europe, and Asia, with a focus on companies that align with global decarbonization goals and the ongoing energy transition.
AI Generated. May Contain Errors.