ClimateRock (OTC: CLRCF) is a special purpose acquisition company incorporated in the Cayman Islands that was formed to identify and complete a business combination with one or more businesses in the clean energy sector. The company does not generate operating revenue. Its primary activity has been sourcing a target acquisition, culminating in the proposed GreenRock Business Combination Agreement signed December 30, 2023 and amended November 6, 2024. ClimateRock raised capital through an initial public offering, with proceeds held in a trust account pending consummation of a qualifying business combination. The combination period extended to May 2, 2025. As of the 10-K filed June 25, 2025, the company had 2,535,305 Class A Ordinary Shares and one Class B Ordinary Share outstanding, with the Sponsor holding approximately 77.65% of issued and outstanding ordinary shares. CEO Per Regnarsson has over 15 years of investment and management experience across sustainable energy sectors in North America, the United Kingdom, Scandinavia, and Europe.

Revenue model

No operating revenue. ClimateRock is a pre-combination SPAC. Capital is held in a trust account from IPO proceeds and unsecured, interest-free loans from Eternal, including a loan of up to $150,000,000 entered August 5, 2024.

Products and services

No products or commercial services. The company's sole activity is identifying and executing a business combination, targeting the clean energy sector. The pending target is GreenRock Corp, a Cayman Islands exempted company.

Customers and end markets

No customers. End market focus is clean energy and renewable energy upon completion of a business combination.

Value-chain role

SPAC sponsor and acquisition vehicle targeting the clean energy sector.

Geographic exposure

Incorporated in the Cayman Islands. Management relationships span North America, the United Kingdom, Scandinavia, and Europe, per the 10-K filed June 25, 2025.

Source: SEC 10-K, filed 2025-06-25

Industry: Blank Checks