- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 300 Carnegie Center Princeton NJ United States of America 08540
- IPO Date
- Jan 27, 2021
- Business
- Climate Real Impact Solutions II Acquisition Corporation (NYSE:CLIM-UN) is a blank check company focused on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting scalable companies in the climate change sector, including renewable energy, energy efficiency, decarbonization of consumers' homes, offices and transportation, and clean energy technologies; it offers no current products or operational services as a special purpose acquisition company. Headquartered in Princeton, New Jersey, the company was founded in 2020 and sponsored by private funds affiliated with Pacific Investment Management Company LLC (PIMCO), with leadership including CEO John A. Cavalier, formerly of Credit Suisse and Global Energy Group, and a team of veterans from NRG Energy, General Electric, and Green Mountain Power. The company completed its initial public offering in January 2021, raising $210 million through 21 million units at $10 each, listed on the NYSE under CLIM-UN, each consisting of one Class A common share and one-fifth of a redeemable warrant. In a major development, Climate Real Impact Solutions II Acquisition Corporation sought and completed early liquidation and mandatory redemption of its public shares around December 9, 2022, at approximately $10.04 per share following shareholder approval, with trading ceasing on December 8, 2022, after failing to identify and consummate a suitable business combination within its charter-mandated timeframe. As of late 2025, the entity remains in a post-liquidation status with no active operations, merger activity, or recent partnerships, funding, acquisitions, product launches, or strategic expansions reported.