SPAC files SEC create in connection with Atlas Power merger
- Special-purpose acquisition company (SPAC) CBRE Acquisition Holdings (CBHA) has actually filed Form S-4 with the US Securities as well as Exchange Commission (SEC) regarding its merger with solar developer Atlas Power.
Form S-4 is filed by a public firm with the SEC to sign up any type of product information related to a merger or acquisition.
Announced on 13 July, the merger sees Atlas, which owns and also operates large scale roofing, ground and carport-based solar and also energy storage systems, integrate forces with CBRE Acquisitions which is a blank-cheque firm and a subsidiary of the CBRE Group.
The agreement has been all advised to the CBAH board by its unique board and also with one voice approved by the full boards of directors of CBAH as well as Altus Power, according to a business media release.
In May, Atlas obtained a US$ 150 million financing to fund the building of its 359MWp Lar do Sol-- Casablanca PV project in Brazil.