SOAC DD (September 2, 2020)

SOAC - Sustainable Opportunities Acquisition 21:25 PM - Sep 02 2020

by: Maverick

Price: 9.84 (equity) and 1.03 (warrants)
O/S: 30M
SPAC website: https://www.greenspac.com/
Started trading: June 24, 2020
Cash: 300M
Warrants: 1:1
Must merge by: November 8, 2021
Target sector: "we intend to focus within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles"
Timeline: (from website) Targeting a business combination in late 2020 or early 2021

I think ESG is going to translate into something like PureCycle, Proterra, or Chargepoint. Down those lines.

I picked up the warrants at 0.90 this week.