Environmental Impact Acquisition Corp.’s $207 Million IPO


Mintz advised Canaccord Genuity LLC, an investment banking firm that acted as sole book-running manager in the recently closed upsized $207 million initial public offering (IPO) of Environmental Impact Acquisition Corp., a special purpose acquisition company (SPAC).

Environmental Impact Acquisition Corp., a newly organized 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, today announced the closing of its upsized initial public offering of 20,700,000 units, including 2,700,000 units issued to the underwriters upon full exercise of their over-allotment option, at a price of $10.00 per unit.

The units began trading on The Nasdaq Capital Market on January 14, 2021 under the ticker symbol “ENVIU”.

The SPAC was sponsored by CG Investments Inc. VI, an affiliate of Canaccord Genuity, and will target companies generating positive impacts for the environment, or in the “sustainability sector.”

Canaccord Genuity acted as the sole book-running manager in the offering. Roth Capital Partners acted as qualified independent underwriter.

Environmental Impact Acquisition Corp. is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.

The Mintz team was led by Member Jeffrey Schultz (Picture) and included Associates Jeffrey Cohan and Amanda Mei. Co-Chairs of the Mintz Energy & Sustainability Practice Sahir Surmeli and Tom Burton also advised Canaccord Genuity in the offering.

Involved fees earner: Thomas Burton III – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Jeffrey Cohan – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Amanda Mei – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Jeffrey Schultz – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Sahir Surmeli – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo;

Law Firms: Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo;

Clients: Canaccord Genuity;

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Author: Ambrogio Visconti