Mintz advised Canaccord Genuity LLC, an investment banking firm that acted as sole book-running manager in the recently closed upsized $207 million initial public offering (IPO) of Environmental Impact Acquisition Corp., a special purpose acquisition company (SPAC). The SPAC was sponsored by CG Investments Inc. VI, an affiliate of Canaccord Genuity, and will target companies generating positive impacts for the environment, or in the “sustainability sector.” Environmental Impact Acquisition Corp. began trading on the Nasdaq Capital Market on January 14 under the ticker symbol “ENVIU”. This is the latest in a string of SPAC transactions for Mintz clients, particularly in the sustainability sector, and representative of the firm’s longstanding commitment to partnering with global innovators and investors engineering and seeking sustainable solutions.
The Mintz team that advised Canaccord Genuity in the offering was led by Member Jeffrey Schultz and included Associates Jeffrey Cohan and Amanda Mei. Co-Chairs of the Mintz Energy & Sustainability Practice Sahir Surmeli and Tom Burton also advised Canaccord Genuity in the offering.
Mintz is a pioneering firm, recognized as an early adopter and at the forefront of SPAC transactions since the early 2000s. Having handled the first-ever New York Stock Exchange SPAC transaction, the firm’s interdisciplinary team draws from decades of experience guiding clients in a broad spectrum of industries through the intricacies of SPAC financings. Notably, the firm has handled over 45 SPAC and reverse merger transactions and worked on several recent SPACs for multi-billion-dollar value companies. Recent transactions guided by members of Mintz’s SPAC Practice include XL Fleet’s completed merger with Pivotal Investment Corporation II and Butterfly Network’s proposed merger with Longview Acquisition Corp.
In addition, the firm continues its leadership role in the sustainability market. Mintz was also one of the first law firms to develop a practice focused on energy and sustainability innovation, and has been the leading law firm in the industry since the earliest days of this technology revolution. The Mintz Energy & Sustainability Practice now serves more than 250 clients, spanning the ecosystem from emerging companies to large corporations, private equity and venture capital funds, investment banks, project developers and project finance funds, and family offices.