CBRE Acquisition Holdings, Inc. Announces Stockholder Approval of Business Combination with Altus Power, Inc.

CBRE Acquisition Holdings, Inc. (NYSE: CBAH) (“CBAH”), a publicly traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Altus Power, Inc. (“Altus Power”), and all other proposals presented at CBAH’s special meeting of stockholders (the “Special Meeting”) held on December 6, 2021.

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Approximately 90.3% of the votes cast on the business combination proposal at the Special Meeting were in favor of approving the business combination proposal, including 60.4% of the outstanding shares of CBAH common stock not owned, directly or indirectly, by CBRE Group, Inc., any of its affiliates or any executive officers of CBAH. CBAH plans to file the results of the Special Meeting on a Form 8-K with the U.S. Securities and Exchange Commission today.

The business combination is expected to close on December 9, 2021. Upon closing, post-combination Altus Power’s Class A shares and warrants are expected to commence trading on the New York Stock Exchange, under the symbols “AMPS” and “AMPS WS,” respectively, on December 10, 2021. Further, at the closing of the business combination, each CBAH unit will separate into its components, which are one CBAH Class A share and one-fourth of one warrant. The holders of CBAH Class A shares and warrants will receive equivalent securities of AMPS and AMPS WS, as applicable, in post-combination Altus Power.

As previously disclosed, the deadline for stockholders to withdraw their redemption requests has been extended to 4:00 p.m. (New York City time) on December 8, 2021. Any stockholder wishing to withdraw a redemption request may request a withdrawal by contacting CBAH’s transfer agent at the email address listed below; the Company will consider honoring such request on a case-by-case basis:

Continental Stock Transfer & Trust Company
[e-mail]

About CBRE Acquisition Holdings, Inc.

CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank-check company formed solely for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CBAH is sponsored by CBRE Acquisition Sponsor, LLC, which is a subsidiary of CBRE Group, Inc.