Clean Earth Acquisitions Corp. announced that it will issue 800,000 units at a price of $10 per unit for gross proceeds of $8,000,000 on November 18, 2021. Each unit will consist of one class A common share and one-half of one share purchase warrant.

Each warrant will entitle the holder to purchase a common share at a price of CAD 11.50 per share and will be exercisable on the later of 30 days after completion of initial business combination and 12 months after completion of the transaction and will expire on the 5th anniversary of completion of business combination or earlier upon redemption or liquidation. The transaction will include participation from Clean Earth Acquisitions Sponsor, LLC. The company has granted over-allotment option to issue additional 90,000 units.