- CLII, Climate Change Crisis Real Impact I Acquisition Corporation, will merge with electric vehicle charging company EVgo.
- With climate-tech investing one of the hottest trends in raising capital, the venture looks promising.
- But a liberal use of estimations and excessively long-term narratives make this one worth scrutineering.
- With a $2.6B equity price tag against projected Y2021 sales of $20M and no free cash flow until 2024, it seems like a steal.
- But is it a steal for the investing public?
For further details see:
CLII - Showcases EV Charging SPAC Deal