Sustainable Development Acquisition I Corp. announced the pricing of its upsized $275 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SDACU” Friday, February 5.
The new company aims to combine with a business working to better manage water use, agriculture or renewable energy in emerging economies. Sustainable Development I is led by CEO Nicole Neeman Brady, CFO Eric Techel and Board Chair Robert Schultz.
Total SPAC deal count for 2021 year-to-date is now 114 with $33.7 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.
Barclays and BofA Securities are acting as joint book-running managers. Ropes & Gray LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.