The Growth for Good Acquisition Corporation
GFGDU
NASDAQ Global Market10.40
USD
+0.46
- -
CIK
0001876714
CUSIP
G41522122
Return %
Stock
S&P500
1Y
4.84
18.02
3Y
4.00
64.11
5Y
4.00
72.15
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
- David Birnbaum
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 12 East 49th Street New York City NY United States of America 10017
- IPO Date
- Dec 10, 2021
- CIK
- 0001876714
- Website
- g4ginvestment.com
- Similar Companies
- Business
- Growth for Good Acquisition Corporation (NASDAQ: GFGDU) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant current operations other than seeking and completing an initial business combination through a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses or entities. The company targets inclusive and environmentally sustainable businesses exhibiting strong fundamentals and high growth potential, particularly in sectors such as food and agriculture; energy; water; the built environment; transportation and mobility; consumer goods; and heavy industry. Incorporated in 2021 and headquartered in New York, New York, it completed its initial public offering in December 2021, raising $253 million through 25.3 million units priced at $10 each, with units comprising one Class A ordinary share, one right to one-sixteenth of a share upon business combination consummation, and one-half redeemable warrant exercisable at $11.50; securities trade separately as GFGD, GFGDR, and GFGDW. In March 2023, Growth for Good entered a merger agreement with Zero Nox Inc., a provider of off-highway vehicle electrification solutions, targeting completion in the second half of that year, but mutually terminated the deal in September 2023 due to unmet conditions, ceasing those business combination efforts and leading to public share redemptions. The company extended its initial business combination deadline multiple times, including to September 14, 2023, via trust deposits, and maintains its trust assets at approximately $269 million as of mid-2023 while searching for a new target amid ongoing Nasdaq trading of its units at around $10.40.
GFGDU: 12 Things for ESG Investors to Know About the New Growth for Good SPAC
U.S. IPO Weekly Recap: Digital Banking Leads A 3 IPO Week