Clean Earth Acquisitions Corp

Clean Earth Acquisitions Corp. is a blank check company, which intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more entities. The company was founded on May 14, 2021 and is headquartered in Bee Cave, TX.

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Alternus Clean Energy, Inc. operates as a power producer. It develops, installs, owns and operates utility scale solar parks in America and Europe. It operates through the United States and Europe geographical segments. The company was founded by Vincent Browne in 2017 and is headquartered in New York, NY.

Clean Earth Acquisitions (NASDAQ: CLIN ) stock is rising higher on Wednesday after the company posted an update to its merger plans with Alternus Energy. The big news here is the company holding a special meeting of shareholders to have them vote on the proposed merger.

Why Is Clean Earth Acquisitions (CLIN) Stock Up 30% Today?

Announcement on Oct 12, 2022, of business combination agreement between Clean Earth Acquisitions Corp. and Alternus Energy represents a major positive catalyst for CLIN. Alternus Energy is an outstanding clean energy producer, with forecasted 2023 EBITDA of $47.2 million (ramping to $149.3 million in 2024 on 80% EBITDA margins).

Heads You Win, Tails You Tie With Clean Earth SPAC

News for Clean Earth Acquisitions Corp Stock (CLIN)