Chardan Co-Sponsors and Acts as Sole Bookrunner in CleanTech Acquisition Corp.'s $172.5 Million IPO
August 10, 2021
NEW YORK, Aug. 10, 2021 /PRNewswire/ -- Chardan, a global investment bank with a leading SPAC practice, today announced that it acted as both co-sponsor and sole bookrunner in the $172.5 million IPO of CleanTech Acquisition Corp. (NASDAQ: CLAQ, CLAQR, CLAQW).
CleanTech Acquisition Corp. is a blank check company that will seek to combine with a business that aims to contribute toward the mission of shifting the world away from carbon dependency and facilitating a greener future. CleanTech is led by Eli Spiro as Chief Executive Officer. Notably, the board is led by Jon Najarian as Chairman and Governor Bill Richardson as Vice-Chairman.
"We are delighted to work with the outstanding team at CleanTech Acquisition Corp. and support their goal of identifying a target that will help shift the world away from carbon dependency," said Jonas Grossman, President of Chardan and CleanTech Board Member. "Chardan seeks to identify and support entrepreneurs and companies that address areas of significant unmet need. This team and the SPAC's intended area of focus align with Chardan's mission to support disruption and innovation."
This transaction further solidifies Chardan's dedication to ESG opportunities and strong SPAC teams. Since 2003, Chardan is a notable underwriter, advisor and sponsor of SPACs, having underwritten 90 transactions raising approximately $12 billion. Chardan has also served as advisor to over 25 announced and closed SPAC transactions.
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