On October 1, 2020, AEA-Bridges Impact Corp. raised $400 million in an initial public offering by issuing 40 million units at an offering price of $10.00 per unit. Each of the 40 million units has an offering price of $10.00 and consists of one share of Class A common stock and one-half of one Redeemable Warrant. Loop Capital Markets served as a co-manager on the deal.
AEA-Bridges Impact Corp. intends to deposit all the net proceeds from this offering into a trust account. The proceeds will not be released until the earliest to occur of: the completion of an initial business combination, the redemption of the public shares issued in this offering if unable to complete an initial business combination within 24 months of the closing of this offer, and the redemption of any public shares properly tendered in connection with a stockholder vote to amend the amended and restated memorandum and articles of association to modify the substance and timing of the obligation to redeem 100% of the public shares if AEA-Bridges Impact Corp. does not complete an initial business combination within the completion window.