ClimateRock is a SPAC focused on the sustainable energy sector — renewable energy, clean technology, and climate-related businesses — primarily in OECD markets. ClimateRock raised $78.75M in its May 2022 IPO at $10.00 per unit, placing proceeds into a trust account. ClimateRock has no operations, no full-time employees, and exists solely to identify and merge with a private company to take it public. ClimateRock's sponsor received founder shares at nominal cost, giving them a strong incentive to close a deal; public shareholders retain the right to redeem shares for their pro-rata share of the trust. ClimateRock is currently pursuing a merger with GreenRock, a sustainable energy company, under which both entities would merge into a new holding company (Pubco) to be listed on Nasdaq. GreenRock shareholders would receive 32M Pubco shares, with 4M held in escrow subject to forfeiture if GreenRock misses a 2025 Adjusted EBITDA target of $25M. The trust has shrunk substantially due to repeated shareholder redemptions across three extension votes, with roughly $5.5M remaining as of June 2025 from an original $79.9M deposit. ClimateRock's combination deadline has been extended three times and now runs to November 2, 2025, after which ClimateRock will liquidate and return remaining trust funds to public shareholders if no deal closes.