CleanTech Acquisition Corp. Announces Price of $ 150 Million Initial Public Offering | New



NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) – CleanTech Acquisition Corp. (the “Company”) announced today that it has priced its initial public offering of 15,000,000 units at $ 10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and traded under the ticker symbol “CLAQU” as of July 15, 2021. Each unit consists of one common share with a par value of $ 0.0001, one right and one half of a redeemable warrant. Each right gives its holder the right to receive one twentieth (1/20) of an ordinary share upon the completion of an initial business combination. Each warrant entitles its holder to purchase one common share at a price of $ 11.50 per whole share. Once the securities comprising the Units begin to trade separately, the Common Shares, Rights and Warrants are expected to trade on the Nasdaq under the symbols “CLAQ”, “CLAQR” and “CLAQW”, respectively.

Chardan is acting as the sole bookrunner for the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on July 14, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to purchase, nor will there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under securities laws of ‘such state or jurisdiction.

The offer is being made only by means of a prospectus, copies of which can be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004. Copies of the registration statement can be viewed at the SEC website at www.sec.gov.

About CleanTech Acquisition Corp.

CleanTech Acquisition Corp. is a blank check company formed for the purpose of completing a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more several companies or entities. While CleanTech Acquisition Corp. can pursue an initial business combination in any region or industry, CleanTech Acquisition Corp. will seek to identify, through the experience and expertise of its management team, a company that aims to contribute to the mission of moving the world away from carbon dependence and facilitating a greener future.

Forward-looking statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful completion of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from forward-looking statements. The Company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in events, conditions or circumstances on which a statement is based on.

Contact:

Eli Spiro Chairman and CEO, CleanTech Acquisition Corp. (917) 699-5990

Copyright 2021 GlobeNewswire, Inc.



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