In the Global Pandemic, the Rise of Climate-Tech SPACsThe emergence of the Special Purpose Acquisition Company, or SPAC, was one of the hottest trends in 2020.
A SPAC is a shell company formed for the goal of generating funds through an initial public offering (IPO) in order to eventually acquire or combine with a private firm, thereby making the target private company public.
Climate technology has gotten a lot of buzz in the SPAC world, and investors should take notice.Academic Master is a US based writing company that provides thousands of free essays to the students all over the World.
“Climate tech is leading the charge into the SPAC world,” said Kelly Belcher, managing director of SVB.
We’ve developed the people, processes, and technology it takes to scale data entry without compromising qualityClimate technology's inherent high risk, high cost criteria for becoming a commercially viable business are one of the key reasons for its successful adoption to the SPAC.
Climate technology involves a lot of money and a lot of hardware, especially when it comes to initiatives like installing a solar farm or creating direct air capture plants.