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Environmental Impact Acquisition Corp. Announces Pricing of Upsized $180 Million Initial Public Offering

NEW YORK, NY, Jan. 13, 2021 (GLOBE NEWSWIRE) — Environmental Impact Acquisition Corp. (the “Company”), a special purpose acquisition company sponsored by CG Investments Inc. VI, an affiliate of Canaccord Genuity, today announced the pricing of its upsized initial public offering of 18,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “ENVIU” beginning on January 14, 2021.

Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols “ENVI” and “ENVIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on January 19, 2021, subject to customary closing conditions.

The Company intends to use the net proceeds from this offering to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. HB Strategies LLC, the Company's anchor investor and an affiliate of Hudson Bay Capital Management LP, has agreed to purchase …

Full story available on Benzinga.com

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