- CEO
- Raghunath Kilambi
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 405 Lexington Avenue New York City DE United States of America 10174
- Business
- Clean Energy Special Situations Corp., formerly Springwater Special Situations Corp., operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses; it currently holds no significant operations pending such a transaction. The company targets opportunities across various sectors, including clean energy and iGaming technology platforms, with warrants traded under the ticker SWSSW providing investors the right to purchase underlying common stock at a predetermined exercise price. Incorporated in 2020 and based in New York, New York, it functions as a subsidiary of Springwater Promote LLC and pursues special situations investments with potential for value creation through strategic restructuring and operational enhancements.
In September 2025, Springwater launched as an entrepreneur-led SaaS acquirer backed by bootstrapped founders from companies such as Hostinger, NordVPN and Oxylabs, announcing its first acquisition of FirstPromoter, a leading affiliate marketing platform founded in 2017 that powers programs for over 2,000 subscription-based SaaS companies worldwide; the firm targets product-led SaaS businesses with 1-10 million euros in annual recurring revenue across Europe and North America for long-term capital deployment without forced exits. Earlier, in August 2023, the company changed its name from Springwater Special Situations Corp. to Clean Energy Special Situations Corp. to reflect a strategic shift toward clean energy opportunities. In June 2024, it signed a non-binding letter of intent for a business combination with a leading B2B iGaming technology platform offering sportsbook, casino games, poker, lottery and fantasy solutions to global operators, alongside navigating Nasdaq compliance issues including trading suspension notices and board changes.