Ticker Launch
Sign inTry it free

SPAC · Merger completed

European Sustainable Growth Acquisition Corp.

Business combination with ads-tec Energy GmbH

European Sustainable Growth Acquisition Corp. is a blank-check company (SPAC) that raised $125M in its initial public offering on Jan 22, 2021, listing on Nasdaq Capital Market. It completed its business combination with ads-tec Energy GmbH on Jan 5, 2022; the combined company is ADS-TEC Energy PLC (ADSE). Enskilda Lucerne Capital led the IPO. Reed Smith advised the SPAC and Graubard Miller advised the underwriters on the IPO.

ads-tec Energy GmbH, headquartered in Nürtingen near Stuttgart, Germany, with a production site near Dresden, develops lithium-ion storage and fast charging systems for electric vehicles. It serves automotive manufacturers, utilities and charge operators, and is part-owned by Bosch Thermotechnik.

Status
Merger completed
IPO date
Jan 22, 2021
IPO size
$125M
IPO exchange
Nasdaq Capital Market
Target
ads-tec Energy GmbH
Announced
Aug 11, 2021
Closed
Jan 5, 2022
Combined company
ADS-TEC Energy PLC (ADSE)
IPO underwriters
Enskilda Lucerne Capital
SPAC counsel (IPO)
Reed Smith and Maples and Calder
Underwriters' counsel (IPO)
Graubard Miller

More on this SPAC for subscribers

Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.

Try it free for 7 daysOpen in Ticker Launch

Then $99/month or $999/year. Cancel anytime.

Filings

Other deSPACs that closed in 2022