ClimateRock (CLRCF) Form 10-K — Oct 15, 2026
ClimateRock, a Cayman Islands SPAC that went public in May 2022 raising $78.75 million, filed its annual report for fiscal year 2025 still without having completed a business combination. The company has repeatedly extended its deadline and must now close a deal by November 2, 2026 or liquidate and redeem public shares at approximately $13.02 each. The pending deal is the GreenRock Business Combination, signed March 21, 2025, which would deliver 32 million Pubco ordinary shares to GreenRock shareholders, with 4 million escrowed shares forfeited if GreenRock's 2025 Adjusted EBITDA misses a $25 million target.
Key figures
- Ipo gross proceeds
- 78750000
- Trust account initial
- 79931250
- 2023 redemptions shares
- 5297862
- Greenrock ebitda target
- 25000000
- Redemption price dec2025
- 13.02
- Deferred underwriting fee
- 2362500
- Sponsor ownership percent
- 94
- Combination period deadline
- November 2, 2026
- Funds available for bizcombo
- 160938
- 2025 first redemptions shares
- 2016792
- Greenrock merger consideration shares
- 32000000
- Market value non affiliate shares jun2026
- 1605659
AI analysis
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