ECP Environmental Growth Opportunities Corp. Prices $300M IPO

2/8/21

ECP Environmental Growth Opportunities Corp. announced today the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a business combination target on businesses located in North America that concentrate on combatting climate change by decreasing the carbon intensity of energy production, increasing the efficiency of industrial and consumer-related activities, expanding electricity storage and distribution, and improving the overall sustainability of the economy through efforts to lower pollution and increase beneficial reuse.

Barclays, Morgan Stanley and BMO Capital Markets are acting as book runners for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

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