Last Updated:
Create account to add to watchlist!

cleantech Acquisition Corp. - CLAQ

  • Commons



    CLAQ Vol: 0.0

  • Warrants



    CLAQW Vol: 11.3K

  • Units



    CLAQU Vol: 1.0

Average: 0
Rating Count: 0
You Rated: Not rated

Please log in to rate.

SPAC Stats

Market Cap: 214.5M
Average Volume: 18.7K
52W Range: $9.71 - $10.93
Weekly %: +0.15%
Monthly %: +0.00%
Inst Owners: 2


Target: Searching
Days Since IPO: 143
Unit composition:
Each unit consists of one share of common stock, par value $0.0001, and one-half of a warrant, which we refer to throughout this prospectus as “warrants” or the “public warrants.” Each whole warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per whole shar
Trust Size: 25000000.0M

📰News and PRs

🕵Stocktwit Mentions

WarrenGShirley posted at 2021-12-01T14:59:26Z

@Neczgen I would have to lean towards: $CLAQ $CLAY and $OXAC

Bullmarketguy posted at 2021-11-24T10:47:36Z

@christineRN are you playing SPAC’s commons or warrants? If you can buy warrants, look at unannounced SPAC’s where you can make more. $BMAQ /w $OXUS /w $ERES /w $BMAC /w $CLAQ /w . In my opinion, this would be good entries, low risk and once they announce, you can either take some off the table and let it multiply after merger (if it’s a descent company) or take everything off an find the next below $1 SPAC warrants.

WarrenGShirley posted at 2021-11-22T17:57:16Z

$CLAQ picked up another 1000 warrants at $.50

SPACSandPennies posted at 2021-11-18T16:23:20Z

$CLAQ we need a meme style merger

arpatel530 posted at 2021-11-17T23:22:31Z

$CLAQ #35 me

Last10K posted at 2021-11-12T21:34:27Z

$CLAQ just filed a 10-Q Quarterly Report with 36 sections and 4 exhibits. Access them all or just read their earnings:

risenhoover posted at 2021-11-12T21:09:05Z

$CLAQ / CleanTech Acquisition files form 10-Q

Quantisnow posted at 2021-11-12T21:07:54Z

$CLAQ 📜 SEC Form 10-Q filed by CleanTech Acquisition Corp. 45 seconds delayed.

Newsfilter posted at 2021-11-12T21:07:06Z

$CLAQ Form 10-Q (quarterly report [sections 13 or 15(d)]) filed with the SEC

WarrenGShirley posted at 2021-11-11T14:41:00Z

@DiamonHandsBull It’s true the SPAC tide has risen for warrants, so the cheapest 1:1 SPAC warrants are $BNIX @ $.468 I personally don’t YOLO any one ticker, I think even when I started with a few hundred dollars all I would do is put $20 here and $20 there over 10 SPACs, but if you want one of my faves $BMAQ (rights) or $CLAQ (warrants) - managed by Jon Najarian (Co-Founder of Market Rebellion, CNBC contributor), Governor Bill Richardson (Former Governor of New Mexico) Hope this helps and thanks for the follow!

WarrenGShirley posted at 2021-11-11T03:48:42Z

@Sea_JK i narrowed that list down from my list of 30 pre-DA SPCs that I hold 😬 If you’re into rights BMAQ has a ton of hype for this early and management is proven in the blockchain industry Top 2 fave Warrants $CLAQ - managed by Jon Najarian (Co-Founder of Market Rebellion, CNBC contributor), Governor Bill Richardson (Former Governor of New Mexico) (Lots of EV tech in NM) And $OXAC - Disruptive Tech: InsurTech, blockchain and artificial intelligence $116,725,000 trust, did I list this one above? Keep in mind I sort all 1:1 SPAC warrants by price and start to accumulate the cheeper ones with interesting management or target sector when the price dips, so I add warrants every day and I don’t really care what happens day to day because I’m waiting for the first rumore or DA to start scaling out. I sell 50% of what I hold every 100% gain until I’m down to nearly nothing.

BioTerror posted at 2021-11-10T00:00:40Z

$CLAQ let’s go discord ?

BulldogW posted at 2021-11-09T01:44:05Z

$CLAQ got to 10k warrants will add along the way

SPACSandPennies posted at 2021-11-08T15:18:32Z

$CLAQ still here

DevilsGrave posted at 2021-11-05T14:27:34Z

$CLAQ got a shitload of warrants this morning. Let's gooooo

WarrenGShirley posted at 2021-11-03T20:33:09Z

$CLAQ a SPAC searching CleanTech or ClimateTech managed by Jon Najarian (Co-Founder of Market Rebellion, CNBC contributor), Governor Bill Richardson (Former Governor of New Mexico)

WarrenGShirley posted at 2021-11-03T01:09:07Z

$CENQ $CLAQ $CLAY $IMAQ $MEOA Here are a couple of warrants I’ve been adding over the last week of trading. These are all 1:1 SPAC warrants that I’m accumulating under $.50 BNIX - Enterprise Software CENQ - Energy CLAQ - CleanTech or ClimateTech CLAY - Advanced manufacturing and advanced materials technology IMAQ - Media and Entertainment (Pelosi SPAC) (4:3 ratio not 1:1) MEOA - Minority-Owned Businesses REVE - Drive-to destination hotels, digital entertainment and gaming, and lodging tech

SPACSandPennies posted at 2021-11-01T21:28:19Z

$CLAQ would be a good time for an announcement with COP26!

WarrenGShirley posted at 2021-10-29T01:47:42Z


WarrenGShirley posted at 2021-10-28T20:35:12Z

$CENQ $CLAQ $IMAQ $MEOA $OXAC This post aged well (3 days ago….)

WarrenGShirley posted at 2021-10-26T14:39:02Z

@Toddwinc @AshleySchaeffer_BMW @GQM Picked up a few new cheep 1:1 SPAC warrants: $CENQ - Energy @ $.44 $CLAQ - CleanTech or ClimateTech $.53 $IMAQ - Pelosi SPAC @ $.319 (4:3 not 1:1) $MEOA - Minority-Owned Businesses @ $.41 $OXAC - Disruptive Tech: InsurTech, blockchain and artificial intelligence @ $.41 Good hunting!

WarrenGShirley posted at 2021-10-25T15:02:43Z

$CLAQ I’m in on these warrants at $.5099

TheMoonBoiGraveDancer posted at 2021-10-22T15:56:57Z

$DWAC $CLAQ $UPH $DRAY cheap warrants everywhere

Sidemone1212 posted at 2021-10-22T14:58:21Z

$CLAQ interesting volume on warrants...

MikeHockInbahls posted at 2021-10-22T14:32:48Z

$CLAQ 242k volume on the warrants in first - impressive

MikeHockInbahls posted at 2021-10-22T12:15:12Z

$CLAQ $PRPB $FRXB $ZNTE Everyday it's a-gettin' closer!

miketradz posted at 2021-10-20T14:17:56Z

$CLAQ added a few more W

MikeHockInbahls posted at 2021-10-15T18:24:00Z

$BENEU Hopefully DA soon - party at $CLAQ next

MikeHockInbahls posted at 2021-10-15T14:43:24Z

$CLAQ Just realized we got a ST page up in this interwebappdigitalspace

Monte7 posted at 2021-09-16T02:04:27Z

$CLAQ Large warrant position here under 50 cents.. worth it alone for Jon Najarian/CNBC exposure.. plus solid team and cleantech.. 12 month timeline.


Officers and Directors Upon consummation of this offering, our board of directors will have seven members, five of whom will be deemed “independent” under SEC and Nasdaq rules. We may not hold an annual meeting of stockholders until after we consummate our initial business combination. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our directors may consist of a chairman of the board, and that our officers may consist of chief executive officer, president, chief financial officer, executive vice president(s), vice president(s), secretary, treasurer and such other officers as may be determined by the board of directors. Executive Compensation No executive officer has received any cash compensation for services rendered to us. Commencing on the date of this prospectus through the completion of our initial business combination with a target business, we will pay to Chardan Capital Markets, LLC, an affiliate of CleanTech Investments, a fee of $10,000 per month for providing us with office space and certain office and secretarial services. However, pursuant to the terms of such agreement, we may delay payment of such monthly fee upon a determination by our audit committee that we lack sufficient funds held outside the trust to pay actual or anticipated expenses in connection with our initial business combination. Any such unpaid amount will accrue without interest and be due and payable no later than the date of the consummation of our initial business combination. No compensation or fees of any kind, including finder’s fees, consulting fees and other similar fees, will be paid to our insiders or any of the members of our management team, for services rendered prior to or in connection with the consummation of our initial business combination (regardless of the type of transaction that it is). However, such individuals will receive reimbursement for any out-of-pocket expenses incurred by them in connection with activities on our behalf, such as identifying potential target businesses, performing business due diligence on suitable target businesses and business combinations as well as traveling to and from the offices, plants 77 Table of Contents or similar locations of prospective target businesses to examine their operations. There is no limit on the amount of out-of-pocket expenses reimbursable by us; provided, however, that to the extent such expenses exceed the available proceeds not deposited in the trust account and the interest income earned on the amounts held in the trust account, such expenses would not be reimbursed by us unless we consummate an initial business combination. After our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of a stockholder meeting held to consider our initial business combination, as it will be up to the directors of the post-combination business to determine executive and director compensation. In this event, such compensation will be publicly disclosed at the time of its determination in a Current Report on Form 8-K, as required by the SEC. Director Independence Nasdaq listing standards require that within one year of the listing of our securities on the Nasdaq Capital Market we have at least three independent directors and that a majority of our board of directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our Board of Directors has determined that five are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. We will only enter into a business combination if it is approved by a majority of our independent directors. Additionally, we will only enter into transactions with our officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from independent parties. Any related party transactions must be approved by our audit committee and a majority of disinterested directors. Audit Committee Effective as of the date of this prospectus, we have established an audit committee of the board of directors, which will consist of Mr. Jonas Grossman, Mr. Brendan Riley and Ms. Britt Ide, each of whom is an independent director. Mr. Grossman will serve as chairman of the audit committee. The audit committee’s duties, which are specified in our Audit Committee Charter, include, but are not limited to: • reviewing and discussing with management and the independent auditor the annual audited financial statements, and recommending to the board whether the audited financial statements should be included in our Form 10-K; • discussing with management and the independent auditor significant financial reporting issues and judgments made in connection with the preparation of our financial statements; • discussing with management major risk assessment and risk management policies; • monitoring the independence of the independent auditor; • verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law; • reviewing and approving all related party transactions; • inquiring and discussing with management our compliance with applicable laws and regulations; • pre-approving all audit services and permitted non-audit services to be performed by our independent auditor, including the fees and terms of the services to be performed; • appointing or replacing the independent auditor; 78 Table of Contents • determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; • establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; and • approving reimbursement of expenses incurred by our management team in identifying potential target businesses. Financial Experts on Audit Committee The audit committee will at all times be composed exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and cash flow statement. In addition, we must certify to Nasdaq that the committee has, and will continue to have, at least one member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable experience or background that results in the individual’s financial sophistication. The board of directors has determined that Mr. Grossman qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC. Nominating and Corporate Governance Committee Effective as of the date of this prospectus, we have established a nominating and corporate governance committee of the board of directors, which will consist of Mr. Douglas Cole and Mr. Jon Najarian, each of whom is an independent director under Nasdaq’s listing standards. Mr. Cole is the Chairperson of the nominating and corporate governance committee. The nominating and corporate governance committee is responsible for overseeing the selection of persons to be nominated to serve on our board of directors. The nominating and corporate governance committee considers persons identified by its members, management, stockholders, investment bankers and others. Guidelines for Selecting Director Nominees The guidelines for selecting nominees, which are specified in the Nominating and Corporate Governance Committee Charter, generally provide that persons to be nominated: • should have demonstrated notable or significant achievements in business, education or public service; • should possess the requisite intelligence, education and experience to make a significant contribution to the board of directors and bring a range of skills, diverse perspectives and backgrounds to its deliberations; and • should have the highest ethical standards, a strong sense of professionalism and intense dedication to serving the interests of the stockholders. The nominating and corporate governance committee will consider a number of qualifications relating to management and leadership experience, background and integrity and professionalism in evaluating a person’s candidacy for membership on the board of directors. The nominating and corporate governance committee may require certain skills or attributes, such as financial or accounting experience, to meet specific board needs that arise from time to time and will also consider the overall experience and makeup of its members to obtain a broad and diverse mix of board members. The nominating and corporate governance committee does not distinguish among nominees recommended by stockholders and other persons. 79 Table of Contents Compensation Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we have established a compensation committee of the board of directors consisting of Mr. Douglas Cole and Mr. Jon Najarian, each of whom is an independent director. Mr. Cole will serve as chairman of the compensation committee. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including: • reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation; • reviewing and approving the compensation of all of our other executive officers; • reviewing our executive compensation policies and plans; • implementing and administering our incentive compensation equity-based remuneration plans; • assisting management in complying with our proxy statement and annual report disclosure requirements; • approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and employees; • producing a report on executive compensation to be included in our annual proxy statement; and • reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors. The charter provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser, and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC. Compensation Committee Interlocks and Insider Participation None of our directors who currently serve as members of our compensation committee is, or has at any time in the past been, one of our officers or employees. None of our executive officers currently serves, or in the past year has served, as a member of the compensation committee of any other entity that has one or more executive officers serving on our board of directors. None of our executive officers currently serves, or in the past year has served, as a member of the board of directors of any other entity that has one or more executive officers serving on our compensation committee. Code of Ethics Effective upon consummation of this offering, we will adopt a code of ethics that applies to all of our executive officers, directors and employees. The code of ethics codifies the business and ethical principles that govern all aspects of our business. Conflicts of Interest Investors should be aware of the following potential conflicts of interest: • None of our officers and directors is required to commit their full time to our affairs, and, accordingly, they may have conflicts of interest in allocating their time among various business activities. • In the course of their other business activities, our officers and directors may become aware of investment and business opportunities which may be appropriate for presentation to our company as well as the other entities with which they are affiliated. Our officers and directors may have conflicts of interest in determining to which entity a particular business opportunity should be presented. 80 Table of Contents • Our officers and directors may in the future become affiliated with entities, including other blank check companies, engaged in business activities similar to those intended to be conducted by our company. • Unless we consummate our initial business combination, our officers, directors and other insiders will not receive reimbursement for any out-of-pocket expenses incurred by them to the extent that such expenses exceed the amount of available proceeds not deposited in the trust account. • The insider shares beneficially owned by our officers and directors will be released from escrow only if our initial business combination is successfully completed. Additionally, if we are unable to complete an initial business combination within the required time frame, our officers and directors will not be entitled to receive any amounts held in the trust account with respect to any of their insider shares or private warrants. Furthermore, CleanTech Sponsor and CleanTech Investments have agreed that the private warrants will not be sold or transferred by it until after we have completed our initial business combination. For the foregoing reasons, our board may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effect our initial business combination. • We have engaged Chardan Capital Markets, LLC as an advisor in connection with our initial business combination, pursuant to the business combination marketing agreement described under “Underwriting (Conflicts of Interest) — Business Combination Marketing Agreement.” We will pay Chardan Capital Markets, LLC a marketing fee for such services upon the consummation of our initial business combination in an amount equal to, in the aggregate, 3.5% of the gross proceeds of this offering including any proceeds from the full or partial exercise of the over-allotment option, or $8,750,000 if the underwriters’ over-allotment option is not exercised (or $10,062,500 if the underwriters’ over-allotment option is exercised in full). As a result, Chardan Capital Markets, LLC will not be entitled to such fee unless we consummate our initial business combination. In general, officers and directors of a corporation incorporated under the laws of the State of Delaware are required to present business opportunities to a corporation if: • the corporation could financially undertake the opportunity; • the opportunity is within the corporation’s line of business; and • it would not be fair to the corporation and its stockholders for the opportunity not to be brought to the attention of the corporation. Accordingly, as a result of multiple business affiliations, our officers and directors may have similar legal obligations relating to presenting business opportunities meeting the above-listed criteria to multiple entities. Furthermore, our certificate of incorporation provides that the doctrine of corporate opportunity will not apply with respect to any of our officers or directors in circumstances where the application of the doctrine would conflict with any fiduciary duties or contractual obligations they may have. In order to minimize potential conflicts of interest which may arise from multiple affiliations, our officers and directors (other than our independent directors) have agreed to present to us for our consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business, until the earlier of: (1) our consummation of an initial business combination and (2) 10 months (or up to 19 months, as applicable) from the date of this prospectus. This agreement is, however, subject to any pre-existing fiduciary and contractual obligations such officer or director may from time to time have to another entity. Accordingly, if any of them becomes aware of a business combination opportunity which is suitable for an entity to which he or she has pre-existing fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity. We do not believe, however, that the pre-existing fiduciary duties or contractual obligations of our officers and directors will materially undermine our ability to complete our business combination because in most cases the affiliated companies are closely held entities controlled by the officer or director or the nature of the affiliated company’s business is such that it is unlikely that a conflict will arise. 81 Table of Contents Furthermore, Mr. Grossman is a director of each Ventoux CCM Acquisition Corp. and Chardan Healthcare Acquisition 2 Corp., and an officer of Chardan Healthcare Acquisition 2 Corp. Ventoux CCM Acquisition Corp. is a $172.5 million, 18-month hospitality focused special acquisition company that is seeking a target for a business combination. Chardan Healthcare Acquisition 2 Corp. is a $86.2 million, 24-month healthcare focused special purpose acquisition company that announced a business combination with Renovacor, Inc. in March 2021. These entities may have priority over us in connection with potential target business identified by each of them. These affiliations may limit the number of potential targets these individuals present to us for purposes of completing a business combination. The following table summarizes the current material pre-existing fiduciary or contractual obligations of our officers, directors and director nominees: Name of Individual Name of Affiliated Company Entity’s Business Affiliation Eli Spiro Axxcess Capital Partners Investment Banking Chief Executive Officer Louis Buffalino Blink Charging Company EV charging equipment Chief Operating Officer Cushman & Wakefield Commercial Real Estate Senior Vice Pres

Holder Stats

1 0
% of Shares Held by All Insider 23.13%
% of Shares Held by Institutions 8.59%
% of Float Held by Institutions 11.17%
Number of Institutions Holding Shares 2

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-16 CVI Holdings LLC 400,000 $3,970,000 0.2% 0 1.855%
2021-11-15 Polar Asset Management Partners Inc. 1,150,000 $11,420,000 0.1% 0 5.333%
2021-11-15 Rivernorth Capital Management LLC 10,914 $110,000 0.0% 0 0.051%
2021-11-15 Berkley W R Corp 383,737 $3,810,000 0.3% 0 1.780%
2021-11-15 Marshall Wace LLP 239,061 $2,370,000 0.0% 0 1.109%
2021-11-15 Hudson Bay Capital Management LP 1,023,024 $10,160,000 0.1% 0 4.744%
2021-11-15 Highbridge Capital Management LLC 1,504,645 $14,940,000 0.4% 0 6.978%
2021-11-12 GABELLI & Co INVESTMENT ADVISERS INC. 45,600 $450,000 0.1% 0 0.211%
2021-11-12 Gabelli Funds LLC 54,400 $540,000 0.0% 0 0.252%
2021-11-12 Periscope Capital Inc. 375,000 $3,720,000 0.1% 0 1.739%
2021-11-12 Weiss Asset Management LP 942,244 $9,360,000 0.2% 0 4.370%
2021-11-12 Wolverine Asset Management LLC 226,960 $2,250,000 0.0% 0 1.053%
2021-11-12 Crestline Management LP 10,150 $100,000 0.0% 0 0.047%
2021-11-10 MMCAP International Inc. SPC 1,322,800 $13,140,000 0.9% 0 6.135%
2021-11-09 ATW Spac Management LLC 1,400,000 $13,900,000 2.6% 0 6.493%
2021-11-09 Basso Capital Management L.P. 499,370 $4,960,000 0.6% 0 2.316%

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q QUARTERLY REPORT 2021-11-12
10-Q QUARTERLY REPORT 2021-08-31
8-K CURRENT REPORT 2021-08-03
8-K CURRENT REPORT 2021-08-02
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
3 2021-07-27
SC 13G 2021-07-27
SC 13G FORM SC 13G 2021-07-26
8-K CURRENT REPORT 2021-07-23
SC 13G SC 13G 2021-07-22
8-K CURRENT REPORT 2021-07-21
424B4 PROSPECTUS 2021-07-16
EFFECT 2021-07-14
CERT 2021-07-14
CORRESP 2021-07-13
CORRESP 2021-07-13
S-1/A AMENDMENT NO. 3 TO FORM S-1 2021-07-06
DRSLTR 2021-06-14
UPLOAD 2021-04-02
DRS 2021-03-08