ImpactAlpha, October 26 – Beyond Meat made a splash last year as the first of the “plant-based meat” companies to go public. Another one may soon hit the public markets via a special purpose acquisition company, or SPAC.
Natural Order Acquisition Corp. is looking to raise $250 million to invest in “technologies and products related to sustainable plant-based food and nutrition,” according to its SEC filing. The company is listing on the Nasdaq exchange.
SPACs are a hot impact investing trend for capital-intensive ventures like clean technology and high-tech agriculture (see, “Greenhouse venture AppHarvest will reach the Nasdaq before its tomatoes reach consumers.”)