Announced
Financials
Tags
Majority
Private
solar energy
De-SPAC
Pending
Acquisition
renewable energy
Alternative Fuels
Reverse Takeover
Domestic
Single Bidder
United States
Merger
Friendly
Synopsis
Sunergy Renewables, an energy company, agreed to go public via a SPAC merger with ESGEN Acquisition, a special purpose acquisition company, in a $475m deal. “Our primary objective at ESGEN is to partner with sound, scalable and profitable companies we believe will fundamentally disrupt the current energy landscape and take advantage of markets experiencing generational growth. We want to simultaneously accelerate a shift to a low-carbon future. Sunergy is an ideal partner to achieve our goals, and we look forward to working with Tim and his exceptional team at Sunergy in their next chapter of growth,” Andrejka Bernatova, ESGEN CEO. On March 7, 2024, ESGEN Acquisition's shareholders approve the proposed SPAC merger with Sunergy Renewables.
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