Invest Green Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company intends to consummate its business combination using cash derived from the proceeds of its initial public offering and the sale of private placement units, its shares, debt or a combination of cash, shares and…
Invest Green Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company intends to consummate its business combination using cash derived from the proceeds of its initial public offering and the sale of private placement units, its shares, debt or a combination of cash, shares and debt. Its sponsor is IG SPAC Sponsor LLC, which provided the initial seed capital and continues to support the search for a suitable target. As of the date of the filing, the company had not commenced any operational activities and was solely engaged in organizational tasks and the identification of a potential acquisition candidate.
Invest Green Acquisition Corporation does not generate operating revenues because it has not yet completed a business combination. Its only source of revenue to date is non‑operating interest income earned on marketable securities held in the trust account established after the initial public offering. For the three months ended March 31, 2026, the company reported interest income of $1,522,020, which, after deducting operating expenses of $195,006, resulted in net income of $1,330,316. The trust account contained $174,617,842 in marketable securities at the end of the period, representing the substantially all of the $172,500,000 gross proceeds from the IPO that were required to be deposited therein.
Invest Green Acquisition Corporation operates within the special purpose acquisition company (SPAC) segment of the financial services industry, where numerous entities raise capital to seek and acquire private businesses. The company’s competitive position is defined by the size of its trust account, the backing of its sponsor, and the proceeds raised through its initial public offering and concurrent private placement. With $172.5 million of gross IPO proceeds and an additional $4.35 million from private placement units, the firm possesses a substantial capital pool that enables it to pursue a wide range of potential targets across various sectors, differentiating it from smaller‑scale SPACs.
Invest Green Acquisition Corporation does not serve traditional customers; instead, its efforts are directed toward locating and negotiating a business combination with a prospective target company. The primary stakeholders are the public shareholders who purchased units in the IPO and the sponsor, IG SPAC Sponsor LLC, which provided working capital support through a convertible promissory note. The company’s customer base consists of prospective acquisition targets across various sectors and its investor base of public shareholders.