- CEO
- Raghunath Kilambi
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 405 Lexington Avenue New York City NY United States of America 10174
- IPO Date
- Sep 23, 2021
- Business
- Clean Energy Special Situations Corp. (SWSS) operates as a blank check company whose primary business is to effect mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or other similar business combinations, with a targeted focus on opportunities in the clean energy sector; it currently conducts no significant independent operations. Incorporated in 2020 and headquartered in New York, New York, the company, formerly known as Springwater Special Situations Corp., changed its name in August 2023 to reflect its strategic emphasis on clean energy special situations. It serves as a subsidiary of Springwater Promote LLC and trades on the OTC markets after delisting from Nasdaq due to compliance issues including delayed filings for its 2023 Annual Report and 2024 first-quarter 10-Q. In June 2024, Clean Energy Special Situations Corp. signed a non-binding letter of intent for a business combination with an undisclosed leading B2B iGaming technology platform company that provides software solutions for sportsbook, casino games, poker, lottery, and fantasy sports offerings to global operators, with the target reporting over 70 million euros in 2023 revenue and projecting strong growth in 2024 and 2025; the target's equity holders plan to roll 100% into the combined public entity, though a definitive agreement anticipated by early Q3 2024 remains pending due diligence, board and shareholder approvals, and other conditions, with no assurance of completion. The company maintains a lean structure with minimal debt, low shares outstanding at approximately 4.83 million, positive net income of $920,000 trailing twelve months, and a recent stock price around $10.70 as of late 2025.