Proskauer, a leading international law firm, announced today that it advised Clean Earth Acquisitions Corp. (Nasdaq: "CLINU") in its $200 million initial public offering.
Clean Earth Acquisitions, a blank-check company targeting the clean and renewable energy industry, raised $200 million by offering 20 million units at $10 per unit. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one-half of a warrant, exercisable at $11.50.
The company plans to leverage its management team's experience to target the clean and renewable energy industry and focus its investments on businesses that serve key and evolving segments in the clean energy ecosystem, including those involved in carbon, hydrogen, sustainable agriculture, and renewable energy.
The Proskauer team advising Clean Earth Acquisitions was led by partner Will Chuchawat (M&A) and partner Daniel Forman (Capital Markets), and included associates Albertina Kawatu and Perry Laub (Capital Markets).