UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of the report (Date of earliest event reported): April 13, 2022
Clean Earth Acquisitions Corp.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 000-1883984 | 87-1431377 |
| (State or Other Jurisdiction of | (Commission File Number) | (I.R.S. Employer Identification No.) |
| Incorporation) |
|
12600 Hill Country Blvd, Building R, Suite 275 Bee Cave, Texas |
78738 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (800) 508-1531
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b)) | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols |
Name of each exchange on which registered |
| Units, each consisting of one share of Class A common stock, $0.0001 par value per share, one right and one-half of one redeemable warrant | CLINU | The Nasdaq Stock Market LLC |
| Class A common stock included as part of the units, par value $0.0001 per share | CLIN | The Nasdaq Stock Market LLC |
| Rights included as part of the units to acquire one-tenth (1/10) of one share of Class A common stock | CLINR | The Nasdaq Stock Market LLC |
| Warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share | CLINW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01. | Other Events. |
On April 13, 2022, Clean Earth Acquisitions Corp. (the “Company”) issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Company’s units (the “Units”) may elect to separately trade the shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), the rights (the “Rights”) and warrants (the “Warrants”) included in the Units commencing on or about April 18, 2022. Each Unit consists of one share of Class A Common Stock, one Right to receive one-tenth of one share of Class A Common Stock, for no additional consideration, upon the consummation of an initial business combination and one-half of one redeemable Warrant to purchase one share of Class A Common Stock. Any Units not separated will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “CLINU”, and the Class A Common Stock, Rights and Warrants will separately trade on the Nasdaq under the symbols “CLIN,” “CLINR” and “CLINW”, respectively. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact American Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into shares of Class A Common Stock, Rights and Warrants.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release, dated April 13, 2022 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CLEAN EARTH ACQUISITIONS CORP. | |||
| Date: | April 13, 2022 | By: | /s/ Aaron T. Ratner |
| Name: | Aaron T. Ratner | ||
| Title: | Chief Executive Officer | ||
Exhibit 99.1
Clean Earth Acquisitions Corp. Announces the Separate Trading of its Class A Common Stock, Rights and Warrants, Commencing April 18, 2022
AUSTIN, TEXAS, April 13, 2022 (NEWSWIRE) – Clean Earth Acquisitions Corp. (Nasdaq: CLINU) (the “Company”) today announced that, commencing April 18, 2022, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock, rights and warrants included in the units.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of Class A common stock, rights and warrants that are separated will trade on the Nasdaq Global Market under the symbols “CLIN,” “CLINR” and “CLINW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “CLINU.” Holders of units will need to have their brokers contact American Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock, rights and warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Clean Earth Acquisitions Corp.
Clean Earth Acquisitions Corp. is a blank-check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses in the clean and renewable energy industry with an enterprise value of approximately $800 million to $1.5 billion, with particular emphasis on businesses that participate in the global energy transition ecosystem and facilitate the way that energy is produced, stored, transmitted, distributed and consumed, all while reducing greenhouse gas emissions. Aaron Ratner, Martha Ross and Nicholas Parker lead the Company. For more information, please visit: http://cleanearthacquisitions.com//.
Forward Looking-Statements
This press release may contain statements that constitute “forward-looking statements,” including with respect to our search for an initial business combination and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contact:
Aaron Ratner
Chief Executive Officer