Decarbonization Plus Acquisition Corporation II announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “DCRNU” Thursday, February 4.
The new company aims to combine with business that reduces carbon emissions in the energy, agriculture, industrial, transportation or real estate sectors. Decarbonization Plus II is led by CEO Erik Anderson alongside CFO, Chief Accounting Officer and Secretary Peter Haskopoulos.
Total SPAC deal count for 2021 year-to-date is now 101 with $29.46 billion in gross proceeds raised. This offering is expected to close on Monday, February 8.
Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.