ClimateRock
CLRC
NASDAQ Global Market12.00
USD
+12.00
- -
CIK
0001903392
ISIN
KYG2311X1007
CUSIP
G2311X100
Return %
Stock
S&P500
1Y
-0.83
26.53
3Y
14.72
76.60
5Y
22.08
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Per Regnarsson
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 50 Sloane Avenue London United Kingdom SW3 3DD
- IPO Date
- Jun 2, 2022
- CIK
- 0001903392
- Website
- climate-rock.com
- Similar Companies
- Business
- ClimateRock (Nasdaq: CLRC) is a blank check company incorporated in the Cayman Islands in 2021 and headquartered in London, United Kingdom, focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in the sustainable energy industry within OECD countries; its targeted sectors include climate change mitigation, environmental technologies, renewable energy sources such as wind, solar, hydroelectric, energy storage and green hydrogen, as well as emerging clean technologies with strong financial prospects and decarbonization potential. The company plans to acquire strategic renewable assets, platforms and enabling technologies that deliver attractive risk-adjusted returns combining capital growth and dividends while providing positive environmental and social impacts; it emphasizes technology-agnostic investments with a core focus on mature wind and solar projects supplemented by battery storage, green hydrogen production and other innovations to support global energy transition and security. Geographically, ClimateRock targets opportunities in OECD markets including Europe, with a robust pipeline sourced through its extensive network of renewable energy owners, investors and executives. In recent developments, ClimateRock entered a definitive business combination agreement in December 2023 with GreenRock, an independent energy producer specializing in integrated renewable power, battery storage and green hydrogen solutions, valued at up to $446 million in share consideration of which $166 million is contingent on 2024 adjusted EBITDA performance thresholds; the transaction, announced with a Form F-4 registration statement filing in January 2024, contemplates GreenRock acquiring TEP Renewables Limited for solar development and Accretion Energies Limited for operational wind assets to span the renewables value chain, forming a Nasdaq-listed holding company led by CEO Per Regnarsson and Executive Chairman Charles Ratelband. Previously, ClimateRock terminated its October 2022 merger with E.E.W. Eco Energy World PLC in November 2023 due to unmet closing conditions, and it appointed Dariusz Sliwinski to its board of directors to bolster investment expertise.
ClimateRock Appoints Dariusz Sliwinski to the Board of Directors
ClimateRock and GreenRock Announce Filing of a Registration Statement in Connection with Proposed Business Combination
ClimateRock Announces Termination of Business Combination Agreement