GoGreen Investments announced today that it issued a promissory note for up to $2.76 million (10 cents a share) to its sponsor for a deadline extension from April 25 to July 25. This is the last of two three-month extensions allowed under gthe company's governing documents.
GoGreen has a merger deal pending with Lifezone Metals, a developer of cleaner battery metals.
Announced in December, the combined company would have an estimated post‐transaction equity value of approximately $1 billion with over $357 million in net cash, assuming no redemptions and $33 million in estimated transaction fees. The deal includes a $70 million pipe. Read more.
Source: GoGreen SPAC Adds 3 Months to Seal Deal with Lifezone Metals