The Cleantech SPAC Attack

The market for initial public offerings dropped way
down this year. Or did it? There is a surge in activity in a
different kind of IPO: a special purpose acquisition company, or
SPAC. It’s also known as a reverse merger.

SPACs are shell companies listed on exchanges with a
mission to buy private companies and convert them into public ones.
According to
a tally from Barron’s
, there have been 70 IPOs through this
method in 2020, with proceeds totaling $27.7 billion.

It’s creating a path for little-known, pre-revenue
cleantech companies to get access to public markets. There are now
10
companies related to the energy transition
�that have gone
public or plan to go public through SPACs in 2020.

Does all this frothiness make sense? And why is all
this activity happening now? We’ll explain on this week’s episode
of The Interchange.

The Interchange is supported by Schneider
Electric
, the leader of digital transformation in energy
management and automation. Schneider Electric has designed and
deployed more than 300 microgrids in North America, helping
customers gain energy independence and control, while increasing
resilience and reaching their clean energy goals.

We’re also sponsored by NEXTracker. NEXTracker has more than 30
gigawatts of resilient and intelligent solar tracking systems
across six continents. Optimize your solar power
plant
.

Source: FS – GreenTech Media
The Cleantech SPAC Attack