Activist Investor Jeff Smith is Buying These 5 SPACs in 2022

3. Clean Earth Acquisitions Corp. (NASDAQ:CLIN)

Starboard Value LP Stake Value: $7,530,000

Percentage of Starboard Value’s 13F Portfolio: 0.09%

Clean Earth Acquisitions Corp. (NASDAQ:CLIN) intends to acquire assets or businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The SPAC focuses on acquiring companies in the clean energy ecosystem, including carbon, hydrogen, sustainable agriculture, and renewable energy. Clean Earth Acquisitions Corp. (NASDAQ:CLIN) was incorporated in 2021 and is based in Bee Cave, Texas.

As of March 31, Starboard Value owns 0.75 million shares of Clean Earth Acquisitions Corp. (NASDAQ:CLIN) which brings its stakes in the SPAC to $7.53 million. The investment covers 0.09% of its investment portfolio and ranks the stock at number 27 among the fund’s top 13F holdings.