New Energy One Acquisition to Wind-Up, Citing UK Market Conditions

New One Acquisition announced its intention to wind up operations, highlighting the turbulent public equity market conditions as the primary cause.

Despite engaging with numerous promising companies for a potential business combination, New Energy One's board concluded that the adverse conditions in the UK public equity market rendered the success of such a combination unfeasible by the March 15 deadline.

The SPAC listed on the Stock Exchange in March 2022. to focus on companies in the low carbon economy. Read more.


Source: New Energy One Acquisition to Wind-Up, Citing UK Market Conditions