New energy One Acquisition announced its intention to wind up operations, highlighting the turbulent UK 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 london 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
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- Source: https://spacfeed.com/new-energy-one-acquisition-to-wind-up-citing-uk-market-conditions
