ClimateRock to delist from Nasdaq, appoints new interim CFO

ClimateRock, a blank check company focused on business combinations in the real estate and construction sectors, is set to be delisted from The Nasdaq Stock Market LLC following a notice from the Nasdaq Hearings Panel. The delisting is scheduled for the morning of April 10, 2025, due to the company’s failure to fulfill the conditions of a prior Nasdaq decision, which required the completion of an initial business combination by April 7, 2025.

The company had previously informed the Panel on April 2, 2025, that it would not meet the April 7 deadline. As a result, ClimateRock’s securities will shift to the OTC Markets under the tickers "CLRCUF" for units, "CLRCF" for ordinary shares, "CLRCWF" for warrants, and "CLRCRF" for rights. Despite the delisting, ClimateRock intends to proceed with its planned business combination with GreenRock Corp and ClimateRock Holdings Limited, aiming to list the latter on Nasdaq post-merger.

In related news, on April 13, 2025, ClimateRock appointed Michael Geary as the Interim Chief Financial Officer. Geary, 63, brings over 35 years of international finance experience to the role. He has been associated with Gluon Renewable Energies Ltd. since September 2024 and previously served as the CFO of GreenRock Corp from May 2023 to September 2024. His diverse background includes leadership roles in industries such as telecoms, property, technology, and banking in Europe and Asia.

Geary’s appointment follows ClimateRock’s existing relationship with Gluon, which provides consulting and support services through a monthly fee arrangement and an engagement letter related to the company’s initial business combination. His appointment has been approved by ClimateRock’s Audit Committee and board of directors.

The announcement of these developments is based on a press release statement and does not constitute a solicitation of a proxy, consent, or authorization regarding any securities or in respect of the business combination. It also does not constitute an offer to sell or the solicitation of an offer to buy any securities.

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