Lifezone Metals’ SPAC Combination with GoGreen Investments

On December 13, 2022, Lifezone Metals, a developer of cleaner battery metals, announced it has entered into a definitive agreement for a business combination with GoGreen Investments, a publicly-listed special acquisition company. The transaction will create the first nickel resource and green technology company listed on the NYSE and, upon completion, the combined company will operate under the “Lifezone Metals” name and be listed under the ticker symbol “LZM.” The transaction values the combined company at a pro forma implied equity value of up to approximately $1.0 billion. Cravath is representing Lifezone Metals in connection with the transaction.

The Cravath team is led by partners G.J. Ligelis Jr. and Richard Hall and includes associates Adam M. Sanchez and Samyel Lee on M&A matters; partner Alyssa K. Caples and associates Nadia T. Odai-Afotey and Jarrod L. Hall and foreign associate attorneys Siddhant Sandeep Sattur and Sondre Vegheim on capital markets matters; partner Ronald E. Creamer Jr. and associate Christopher M. Winters on tax matters; partner Matthew J. Bobby and associates Brendon J. Rivard and Bianca Hsing on executive compensation and benefits matters; partner Sasha Rosenthal Larrea and associate Carys J. Webb on intellectual property matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Lauren Piechocki on real estate. Katie DelGhingaro and Joshua D. Santilli also worked on M&A matters, and Anthony J. Grisafi also worked on tax matters.