Invest Green Acquisition Corp (IGAC)

The company is a blank check company incorporated on April 7, 2025, as a Cayman Islands exempted company to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has no operations, has generated no revenue, and does not expect to until it completes an initial business combination. It has not selected a target and has not engaged in substantive discussions with any candidate.

The company is not organized into operating segments and offers no products or services. Its activity centers on its initial public offering and acquisition search. On November 26, 2025, it completed an IPO of 17,250,000 units at $10.00 per unit, raising $172,500,000. Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completion of a business combination. Simultaneously, it sold 870,000 private placement units at $5.00 per unit to its sponsor, IG SPAC Sponsor LLC, and to Cohen & Company Securities, LLC, the underwriters' representative, raising $4,350,000. A total of $176,850,000 ($10.00 per unit) was placed in a trust account, held in cash or demand deposits, or invested in U.S. government securities with maturities of 185 days or less or in qualifying money market funds. About $165,600,000 would be available for a business combination, assuming no redemptions and after up to $6,900,000 of deferred underwriting fees. Public shareholders may redeem their Class A shares at completion of a business combination at a per-share price based on the trust account balance.

The company will consider targets in any industry but expects to focus on broad renewable energy, sustainable finance and nuclear energy, which it views as crucial to the global clean energy transition. It seeks businesses that expand access to reliable power, make products and industries more sustainable, and create positive social and environmental impact, led by teams with good governance and operational discipline. Management cites experience at Invest.Green, Fidelity Investments, Microsoft, Robinhood Financial and LONGi Green Energy Technology. It expects to find targets through investment bankers, private investment funds, and its officers' and directors' networks. It positions itself as an alternative to a traditional IPO for target owners, and consideration could be cash, shares, debt or a mix.

The company has no employees or facilities described in the text and does not engage in operations. It competes with many other special purpose acquisition companies and other buyers for attractive targets. Its structure includes Class A and Class B ordinary shares, with only Class B holders voting on director appointments before a business combination. It is listed on Nasdaq and is an emerging growth company and smaller reporting company. Shareholder approval of a deal is required only where law or Nasdaq rules demand it, such as an issuance of 20% or more of outstanding shares.