ClimateRock Announces Pricing of $75.0 Million Initial Public Offering

United Kingdom, April 27, 2022 (GLOBE NEWSWIRE) -- ClimateRock (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman, Charles Ratelband V and CEO, Per Regnarsson, announced today the pricing of its initial public offering of 7,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share, one-half (1/2) of one redeemable warrant and one right to receive one-tenth (1/10) of one Class A ordinary share. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share, and each ten (10) rights entitle the holder thereof to receive one Class A ordinary share at the closing of a business combination. The exercise price of the warrants is $11.50 per whole share. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CLRCU” beginning on April 28, 2022. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants and rights will be traded on Nasdaq under the symbols “CLRC,” “CLRCW,” and “CLRCR,” respectively. The offering is expected to close on May 2, 2022, subject to customary closing conditions.

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