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• Capital Raising: Invest Green Acquisition raises funds from public investors through an Initial Public Offering (IPO) to finance a future acquisition.
• Company Acquisition: The company's primary service is identifying and acquiring a privately held operating company, thereby taking the target company public.

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Invest Green Acquisition Corp. (symbol: IGAC) is a Special Purpose Acquisition Company (SPAC). A SPAC is formed to raise capital through an initial public offering (IPO) with the sole purpose of acquiring or merging with an existing private company, thereby taking that company public.

Therefore, prior to completing an acquisition and becoming an operating company, Invest Green Acquisition Corp. does not have major customers in the traditional sense of selling goods or services. It does not generate revenue from sales of products or services to other companies or individuals. Its primary stakeholders are its investors who purchase its shares and units on the stock market.

IGAC announced a definitive business combination agreement with Xynomic Pharmaceuticals Holdings, Inc. in December 2023. However, this merger has not yet closed. Upon the successful completion of this transaction, the combined entity would then possess an operating business whose customers would be relevant. As of now, IGAC itself does not have an operating business with traditional major customers.

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Andrew McLean, CEO & Director

Andrew McLean is the Co-founder and CEO of Invest.Green Enterprises and serves as CEO and Director of Invest Green Acquisition Corporation. He is a seasoned, career entrepreneur with 25 years of entrepreneurial and investment experience, particularly in sustainable finance and environmental initiatives. McLean previously created, hosted, and executive produced "The Eco-Capitalist" show on CNBC.

Jing Nealis, Director (Chief Financial Officer at SES AI Corp. and SES Holdings Pte Ltd.)

Jing Nealis serves as a Director at Invest Green Acquisition Corporation. She is currently the Chief Financial Officer at SES AI Corp. and SES Holdings Pte Ltd., bringing 18 years of global finance and operations experience in private and public companies. Nealis has a track record of leading emerging energy transition companies, including successfully leading SES AI through its IPO and raising over $500 million within one year. Her past roles include managing director and CFO of the International Division at Shunfeng International Clean Energy Limited (SFCE) and various positions at Deloitte & Touche LLP.

Matthew Kiernan, Chairman Advisory Board and Co-Founder

Matthew Kiernan is a Co-founder of Invest Green and serves as Chairman of the Advisory Board. He is recognized as a pioneer in sustainable investing, with his involvement dating back to 1988, and is the founder of Innovest.

Eric Luo, Chairman, Invest Green Acquisition Corporation

Eric Luo is the Chairman of Invest Green Acquisition Corporation. He previously held the positions of Chairman and CEO of GCL System Integration and is currently a Senior Advisor to the U.S. China Green Fund.

Harris Komishane, Senior Advisor & Principal

Harris Komishane is a Senior Advisor and Principal for Invest Green. He had a 28-year career at Fidelity, where he served as the former Head of Finance for Fidelity Investments and as CFO/COO of Devonshire Investors, Fidelity's Private Equity/VC arm. Komishane possesses significant experience in business strategy, with a focus on turnarounds and start-up businesses, and has been an angel investor and business advisor in sustainable areas.

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The primary key risk to Invest Green Acquisition (IGAC) is its ability to successfully complete an initial business combination.

1. Failure to complete a business combination: As a Special Purpose Acquisition Company (SPAC), Invest Green Acquisition's sole purpose is to identify and acquire one or more businesses. There is no assurance that the company will successfully complete a business combination transaction. If Invest Green Acquisition does not complete a business combination within the timeframe stipulated in its governing documents (typically 24 months from the IPO), it may be forced to redeem all of its public shares. This risk is inherent to all SPACs.

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The increasing regulatory scrutiny and the implementation of more stringent rules by bodies like the U.S. Securities and Exchange Commission (SEC) pose a significant emerging threat to Invest Green Acquisition (IGAC) and the broader Special Purpose Acquisition Company (SPAC) industry. These regulatory changes aim to align SPAC transactions more closely with traditional initial public offerings (IPOs) in terms of disclosure requirements and investor protections, which can increase the complexity, cost, and potential liability for SPAC sponsors, target companies, and underwriters. This evolving landscape could deter high-quality private companies from choosing the SPAC route over traditional IPOs or direct listings, thereby intensifying competition for attractive targets and making it more challenging for IGAC to successfully identify and complete a de-SPAC transaction within its operational timeframe.

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Invest Green Acquisition (symbol: IGAC) is a Special Purpose Acquisition Company (SPAC) that recently completed its initial public offering (IPO) in November 2025. As a SPAC, it was formed with the express purpose of effecting a business combination with one or more target companies. Consequently, IGAC currently does not have operational revenue, and traditional revenue growth forecasts or analyst coverage are not available for its pre-acquisition state. Therefore, the expected drivers of future revenue growth for IGAC over the next 2-3 years are intrinsically linked to its fundamental objective:

1. Successful Completion of a Business Combination: The primary driver of future revenue growth for IGAC hinges entirely on its ability to identify, acquire, and merge with an operating business. Until a de-SPAC transaction is successfully completed, IGAC will not generate substantial revenue from ongoing operations. The timing and nature of this acquisition will dictate the immediate revenue profile.
2. Growth within Targeted Clean Energy and Sustainable Sectors: Invest Green Acquisition explicitly intends to focus its acquisition efforts on companies within the broad renewable energy, sustainable finance, and nuclear energy sectors. Therefore, the inherent growth and expansion of these industries, driven by global demand for clean energy, technological advancements, and supportive policies, will be a significant driver of the eventual combined entity's revenue.
3. Operational Performance and Market Share of the Acquired Entity: Once a business combination is complete, the revenue growth will be directly driven by the operational performance, strategic initiatives, and market penetration of the acquired company (or companies). This includes factors such as customer acquisition, product or service expansion, efficiency improvements, and competitive positioning within its specific market segment(s) within the clean energy and sustainable finance space.
4. Expansion into New Markets or Service Offerings by the Acquired Business: Should the acquired entity strategically expand its geographical footprint or diversify its product and service offerings within the targeted sectors, this would further contribute to revenue growth. The SPAC's stated focus on "green" investments suggests that any such expansion would align with sustainable and environmentally conscious initiatives.

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Share Issuance

• Invest Green Acquisition Corporation completed its initial public offering on November 26, 2025, issuing 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000.
• Concurrently with the IPO, the company completed a private placement of 870,000 units at $5.00 per unit, resulting in gross proceeds of $4,350,000.

Inbound Investments

• IG SPAC Sponsor LLC and Cohen & Company Capital Markets purchased 480,000 units and 390,000 units, respectively, in a private placement concurrent with the IPO, totaling $4,350,000.

Outbound Investments

• Invest Green Acquisition Corporation was formed to pursue a merger or business combination with one or more businesses, specifically targeting the renewable energy, sustainable finance, and nuclear energy sectors.