We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TortoiseEcofin Acquisition Corp III | NYSE:TRTL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.01 | -0.09% | 10.90 | 10.91 | 10.90 | 10.90 | 1,458 | 21:00:08 |
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | ||
Incorporation or Organization) | Identification No.) |
(Address of principal executive offices) | (Zip Code) |
(
(Registrant’s telephone number, including area code)
Not
Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On July 20, 2023, TortoiseEcofin Acquisition Corp. III (the “Company”) issued a press release announcing that it has executed a new non-binding letter of intent for a proposed business combination with an industrial renewable power solutions company (the “Letter of Intent”). As a result of the signed Letter of Intent, pursuant to the provisions of the Company’s Amended and Restated Memorandum and Articles of Association, the Company has until October 22, 2023 to consummate its business combination.
The completion of the proposed transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board of directors and shareholders of both the Company and the target. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
99.1 | Press Release, dated July 20, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 20, 2023
TORTOISEECOFIN ACQUISITION CORP. III | ||
By: | /s/ Vincent T. Cubbage | |
Name: | Vincent T. Cubbage | |
Title: | Chief Executive Officer |
2
Exhibit 99.1
TortoiseEcofin Acquisition Corp. III Announces Letter of Intent for a Business Combination with an Industrial Renewable Power Solutions Company
Overland Park, KS, July 20, 2023 – TortoiseEcofin Acquisition Corp. III (the “Company”) (NYSE: TRTL), a publicly traded special purpose acquisition company focused on the broad energy transition or sustainability arena targeting industries that require innovative solutions to decarbonize, today announced that it has executed a new non-binding letter of intent (“LOI”) for a proposed business combination (the “Business Combination”) with an industrial renewable power solutions company (the “Target”) that would result in a public listing of the Target upon completion of the proposed Business Combination. The Company previously signed an initial LOI with the Target on April 26, 2023 and anticipates announcing additional details regarding the execution of a definitive agreement for the Business Combination, which is expected in the third quarter of 2023.
“Our commitment to the energy transition is unwavering and is supported by our deep sector expertise and long track record of value creation over decades of investing in the energy and power infrastructure sector,” commented Vince Cubbage, Chief Executive Officer of TortoiseEcofin Acquisition Corp. III. “In assessing potential business combination targets, we have focused on companies that are developing specific solutions to current, real-world problems. We are excited by the potential transaction identified with this pioneering industrial renewable power solutions company. We expect that this company will play a critical role in facilitating the energy transition for the industrial market.”
As a result of the signed letter of intent, pursuant to the provisions of the Company’s Amended and Restated Memorandum and Articles of Association, the Company has until October 22, 2023 to consummate its business combination.
The completion of the Business Combination with the Target is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board and shareholders of both the Company and the Target. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, will be serving as the exclusive financial advisor and the lead capital markets advisor for the transaction.
About TortoiseEcofin Acquisition Corp. III
TortoiseEcofin Acquisition Corp. III was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The Company intends to focus its search for a target business in the broad energy transition or sustainability arena targeting industries that provide or require innovative solutions to decarbonize in order to meet critical emission reduction objectives.
Forward Looking Statements
This press release includes, and oral statements made from time to time by representatives of TortoiseEcofin may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding the Business Combinations and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to TortoiseEcofin or TortoiseEcofin’s management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of TortoiseEcofin’s management, as well as assumptions made by, and information currently available to, TortoiseEcofin’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in TortoiseEcofin’s filings with the Securities and Exchange Commission’s (the “SEC”). All subsequent written or oral forward-looking statements attributable to TortoiseEcofin or persons acting on TortoiseEcofin’s behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of TortoiseEcofin, including those set forth in the “Risk Factors” section of TortoiseEcofin’s Annual Report on Form 10-K and other documents of TortoiseEcofin filed, or to be filed, with the SEC. Copies are available on the SEC’s website at www.sec.gov. TortoiseEcofin undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts:
For Media:
Matt Dallas
ICR, Inc.
Matt.Dallas@icrinc.com
For Investors:
John Ragozzino, CFA
ICR, Inc.
John.Ragozzino@icrinc.com
1 Year TortoiseEcofin Acquisiti... Chart |
1 Month TortoiseEcofin Acquisiti... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions