✉news BusinessStartups first seen 12 h ago, last 4 h ago, peak #8
Stellantis-Backed Geothermal Startup Prepares to Go Public via SPAC
Original: Exclusive: Stellantis-Backed Geothermal Startup Prepares to SPAC
A geothermal energy startup backed by Stellantis is preparing to go public through a merger with a special purpose acquisition company, according to an exclusive report. The move would give the clean-energy firm a stock market listing without a traditional IPO. Attention is on how Stellantis, the carmaker investing in non-automotive energy ventures, stands to benefit from the listing.
Why now: News of a Stellantis-backed clean energy startup heading to public markets is fresh and of interest to investors tracking energy transition deals.
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