Alexandria Agtech/Climate Innovation Acquisition Corp.

General Information

Note: Alexandria Agtech/Climate Innovation Acquisition Corp. withdrew its IPO in an SEC filing dated May 18, 2022. The blank check company, led by the founder and executive chairman of Alexandria Real Estate Equities, Inc., had filed its S-1 on March 11, 2021. (Incorporated in Delaware)

We intend to focus our search for a target business by concentrating our efforts in identifying high-quality businesses with transformative technologies in the agricultural technology, or AgTech, and climate innovation sectors. (Note: The company recently changed its name to Alexandria Agrifoodtech/Climate Innovation Corp.)

Joel S. Marcus, CPA/J.D., our CEO and chairman of the Board of Directors, is the executive chairman and founder of Alexandria Real Estate Equities, Inc. (NYSE:ARE), the urban office REIT that pioneered life science real estate. Since co-founding the company in 1994 as a garage startup with $19 million in Series A capital, Mr. Marcus led Alexandria to its inclusion as an S&P 500 company, which has a total enterprise value ranking it among the top 10 of all equity REITs (by enterprise value), as well as a total equity capitalization of $24.4 billion and a total shareholder return exceeding 1,900% (assuming reinvestment of dividends) from its IPO through Dec. 31, 2020. In 1996, he founded Alexandria Venture Investments, the company’s strategic venture capital platform, to invest in promising seed-, early- and growth-stage life science and AgTech companies. He leads Alexandria Venture Investments, which has been recognized by Silicon Valley Bank as the #1 most active biopharma corporate venture capital investor by new deal volume for four consecutive years. With more than $1.6 billion in carrying value, he leads Alexandria’s investments in transformative companies advancing breakthroughs in key AgTech areas from production to distribution to consumption, including precision farming, crop protection, gene editing, artificial intelligence, carbon sequestration, food waste reduction, machine learning, the microbiome, indoor vertical farming and other cutting-edge areas of science.

Dean A. Shigenaga, CPA, is our president and CFO. He has served as president of Alexandria Real Estate Equities, Inc. since January 2021 and CFO since December 2004. Mr. Shigenaga led Alexandria’s issuance of $1.9 billion of green bonds over the last three years. Before joining Alexandria, Mr. Shigenaga was an Assurance and Advisory Business Services Manager in Ernst & Young LLP’s real estate practice. 

Employees: 0
Founded: 2021
Contact Information
Address 26 North Euclid Avenue Pasadena, California 91101
Phone Number (626) 578-0777
Web Address
View Prospectus: Alexandria Agtech/Climate Innovation Acquisition Corp.
Financial Information
Market Cap $312.5mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol AACE.U
Exchange NYSE
Shares (millions): 25.0
Price range $10.00 - $10.00
Est. $ Volume $250.0 mil
Manager / Joint Managers Goldman Sachs
CO-Managers -
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change