Spinnaker Acquisitions is a shell that has been brought to the market by the same team that floated Spinnaker Opportunities, which eventually acquired cannabis products supplier Kanabo (LON: KNB).

Spinnaker Acquisitions is seeking to use shares to acquire a business in the sustainability and energy transition services markets. The existing board would not run the business being acquired but it would offer advice and direction. The first acquisition would provide a base for further purchases. The valuation of the initial acquired business is likely to be between £5m and £30m.

The share p...