Money Makers Mentor

ECP Environmental Growth Opportunities Corp IPO

ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings also register another 3.75 million units. However, these units are only issuable to the underwriters to cover over-allotments, if any. The proposed maximum offering price per unit is $10. This makes the proposed maximum aggregate offering price for this deal is $250 million.

In the event of the full exercise of over-allotment options, this figure climbs to $287.5 million. If the deal goes through units will trade under the ticker symbol ENNVU. Furthermore, each unit consists of 1 share of Class A common stock as well as 1/2 of a redeemable warrant. With only whole warrants will trading. Moreover, each warrant entitles its holder to purchase 1…

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