Business Context and Reporting Period
Company: Invest Green Acquisition Corporation (IGAC)
Filing Type: Form 8-K (Current Report)
Date of Report: November 26, 2025
Event: Completion of Initial Public Offering (IPO) and Private Placement.
Key Financial Metrics
| Metric | Value |
|---|---|
| IPO Gross Proceeds | $172,500,000 |
| IPO Units Sold | 17,250,000 (including full over-allotment) |
| IPO Price per Unit | $10.00 |
| Private Placement Gross Proceeds | $4,350,000 |
| Private Placement Units | 870,000 |
| Private Placement Price | $5.00 per unit |
| Total Funds in Trust Account | $172,500,000 |
| Deferred Underwriting Discount | Up to $6,900,000 (included in trust) |
Note: This filing reports capital raising activities. Operating revenue, profit, cash flow from operations, and debt metrics are not applicable as the company has not yet completed an initial business combination.
Material Changes
- Capital Structure: The company transitioned from a pre-IPO entity to a publicly traded SPAC with 17,250,000 public units and 870,000 private placement units outstanding.
- Liquidity: $172,500,000 was deposited into a trust account with Continental Stock Transfer and Trust Company. These funds are restricted until the completion of a business combination, a shareholder vote to amend the charter, or liquidation.
- Private Placement Allocation: The private placement was split between the Sponsor (IG SPAC Sponsor LLC) receiving 480,000 units ($2,400,000) and Cohen & Company Capital Markets (CCM) receiving 390,000 units ($1,950,000).
Outlook, Risks, and Contingencies
- Business Combination Deadline: The Company must complete an initial business combination within 24 months from the closing of the IPO (by November 26, 2027).
- Redemption Rights: Public shareholders may redeem their shares if the Company fails to complete a business combination within the 24-month period or in connection with specific charter amendments.
- Trust Account Restrictions: Funds in the trust account generally cannot be released except for taxes on interest income or up to $100,000 for dissolution expenses.
- Emerging Growth Company: The registrant has elected to be treated as an emerging growth company.
Investor Verification Checklist
- Verify the audited balance sheet (Exhibit 99.1) to confirm the exact cash position and liabilities post-IPO.
- Confirm the specific terms of the underwriting agreement regarding the $6,900,000 deferred discount.
- Review the Amended and Restated Memorandum and Articles of Association for specific redemption thresholds and voting procedures.
- Monitor the 24-month timeline for the initial business combination to assess liquidation risk.