星期二, 9月 28, 2021
Home PV Companies SPAC files SEC form in connection with Atlas Power merger

SPAC files SEC form in connection with Atlas Power merger

Source:PVTECH

Special-purpose acquisition company (SPAC) CBRE Acquisition Holdings (CBHA) has filed Form S-4 with the US Securities and Exchange Commission (SEC) regarding its merger with solar developer Atlas Power.
Form S-4 is filed by a public company with the SEC to register any material information related to a merger or acquisition.
Announced on 13 July, the merger sees Atlas, which owns and operates large scale roof, ground and carport-based solar and energy storage systems, combine forces with CBRE Acquisitions which is a blank-cheque company and a subsidiary of the CBRE Group.
The agreement has been unanimously recommended to the CBAH board by its special committee and unanimously approved by the full boards of directors of CBAH and Altus Power, according to a company media release.
In May, Atlas obtained a US$150 million loan to finance the construction of its 359MWp Lar do Sol – Casablanca PV project in Brazil.

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