Growth for Good Adds $5M PIPE to ZeroNox Deal

Growth for Good Acquisition said it raised a $5 million PIPE at $10 per share in support of its proposed merger with ZeroNox, a provider of sustainable, off-highway vehicle electrification.

The $306 million deal was announced in March.

in the PIPE include Kubota Corporation, Premier Trailer, and Formula-E racing team NIO 333. 

Growth for Good said securing the PIPE was the reason it delayed the shareholders meeting from Aug. 23 to Aug. 28 at 10 Eastern.

California-based ZeroNox is engaged in the electrification of off-highway commercial and industrial vehicles, with LFP batteries and an electric powertrain that the company says is cleaner, high performing, and cost effective.

Source: Growth for Good Adds M PIPE to ZeroNox Deal