European Sustainable Growth Acquisition Corp. announced today that it priced its initial public offering of 12,500,000 units, at $10.00 per unit. The units will be listed on the Nasdaq Capital Market and will begin trading tomorrow, Friday, January 22, 2021, under the ticker symbol "EUSGU." Each unit consists of one Class A ordinary share and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "EUSG" and "EUSGW," respectively.
The offering is expected to close on January 26, 2021, subject to customary closing conditions.
EarlyBirdCapital, Inc. and ABN AMRO are acting as joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.
ABOUT EUROPEAN SUSTAINABLE GROWTH ACQUISITION CORP.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business industry or sector, it intends to concentrate its efforts on identifying Europe-based, high growth, technology-enabled businesses that utilize green technologies, aligning with ESG principles and the UN Sustainable Development Goals, and addressing consumer preferences for lifestyles driven by sustainability. The Company is sponsored by a team led by its Chairman, Lars Thunell, and a management team led by Co-CEOs Pieter Taselaar and Matheus (Thijs) Hovers, President Karan Trehan and Marc Rothfeldt, board members Wilco Jiskoot and Elaine Weidman Grunewald, and Senior Advisors Bazmi Hussain and Jonathan Copplestone.
