Silver Sustainable Solutions Withdraws $250M IPO

Silver Sustainable Solutions in a notice to the said it is withdrawing an offering of 25 million units initially registered with the regulator in February 2022.

Backed by Guggenheim Partners, the SPAC was planning to focus on companies that develop, use or sell clean economy technologies.

CEO and Chairman Jonathan Silver led the Loan Program Office at the U.S. Department of , the federal government's $40 billion clean energy investment fund, during the Obama administration. That fund, which underwrote and invested in a wide range of technologies, including, solar, wind, geothermal, biofuels and and advanced automotive technology, was, and remains today, the largest fund of its kind in the world. Silver is a senior advisor at .

Guggenheim Securities was to serve as sole book-running manager. Read more.

Source: Silver Sustainable Solutions Withdraws 0M IPO