Decarbonization Plus Acquisition Corporation II has successfully closed its IPO, raising $402.5 million by offering 40,250,000 units at $10 each on February 4, 2021. Each unit consists of one Class A common stock share and one-third of a redeemable warrant, which allows purchase at $11.50 per share. The company aims to merge or acquire businesses focusing on decarbonizing high-emission sectors. The offering increases Riverstone's investment capacity, supporting efforts to combat climate change.
Decarbonization Plus Acquisition Corporation II has priced its IPO, offering 35 million units at $10.00 each, set to trade on NASDAQ under the symbol DCRNU starting February 4, 2021. Each unit includes one share of Class A common stock and one-third of a redeemable warrant, allowing purchase of stock at $11.50 per share. The offering includes a 45-day option for underwriters to purchase an additional 5.25 million units. The company, sponsored by Riverstone Investment Group, aims to target decarbonization in various sectors, reinforcing its low-carbon investment strategy.