Clean energy SPAC GEF Acquisition sets terms for $100 million IPO

GEF Acquisition, a blank check company focused on clean energy, resource efficiency and environmental services sectors, announced terms for its IPO on Friday.


The Bethesda, MD-based company plans to raise $100 million by offering 10 million shares at a price of $10. At the midpoint of the proposed range, GEF Acquisition would command a fully diluted market value of $125 million.


GEF Acquisition was founded in 2015. It plans to list on the Nasdaq under the symbol GEFAU. Maxim Group LLC and EarlyBird Capital, Inc. are the joint bookrunners on the deal. Pricing details were not disclosed.

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