ECP Environmental Growth Opportunities Corp.
ENNVU
NASDAQ Global Select7.93
USD
+0.53
- -
ECP Environmental Growth Opportunities Corp.
ENNVU
(NASDAQ Global Select)
Recent
price
7.93
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- ECP Environmental Growth Opportunities Corp. (ENNVU) is a blank check company, or special purpose acquisition company (SPAC), sponsored by Energy Capital Partners Management, LP, whose purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses its search for targets on North American businesses combating climate change by decreasing the carbon intensity of energy production; increasing the efficiency of industrial and consumer-related activities; expanding electricity storage and distribution; and improving overall economic sustainability through efforts to lower pollution and increase beneficial reuse. Incorporated in 2020 and headquartered in Summit, New Jersey, it targets sectors including energy, renewables, power generation, environmental infrastructure, and storage solutions, with underwriters such as Barclays, Morgan Stanley, BMO Capital Markets, Drexel Hamilton, and R. Seelaus & Co. In February 2021, the company completed its initial public offering of 34.5 million units at $10 each, raising $345 million in gross proceeds (100% placed in trust), with units comprising one Class A common share and one-quarter redeemable warrant (exercisable at $11.50 per share); trading commenced on Nasdaq under ENNVU on February 9, 2021. In July 2021, it announced a proposed $995 million business combination with Fast Radius, Inc., a technology company focused on cloud manufacturing; stockholder approval occurred on February 2, 2022, with closing on February 4, 2022, after which the combined entity rebranded as Fast Radius, Inc. (NASDAQ: FSRD), and ENNVU ceased independent operations as a standalone SPAC.