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Announced

CleanBay Renewables to go public via merger with BurTech Acquisition in a $330m deal.

Financials

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Transaction Value£274m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Alternative Fuels

Pending

Reverse Takeover

Merger

Private

renewable energy

United States

Friendly

Acquisition

Domestic

environmental technology

nutrient recovery

anaerobic digestion

De-SPAC

Majority

Single Bidder

Synopsis

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CleanBay Renewables, a late-stage enviro-tech company focused on the production of sustainable renewable natural gas, green hydrogen and natural controlled-release fertilizer, is set to go public via merger with BurTech Acquisition, a publicly traded special purpose acquisition company, in a $330m deal. "We believe that our process improves the air, soil and water quality around our facilities. In addition, our renewable energy products are a sustainable, environmentally friendly way to reduce emissions and provide a low carbon solution for vehicle fuel, residential use, EV charging and hydrogen production. We believe our projects can help to address US climate policy objectives and many of the United Nation’s Sustainable Development Goals," Thomas Spangler, CleanBay Executive Chairman.

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