Decarbonization Plus Acquisition Corporation II Completes Initial Public Offering
- Will seek to identify an innovative company working to decarbonize critical carbon-intensive industries
- Furthers Riverstone's leadership in low-carbon investments, having established industry-leading, scaled companies with more than $5 billion of equity invested, including $1.6 billion of newly raised capital in the past year
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MENLO PARK, Calif., Feb. 8, 2021 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation II (the "Company"), a blank check company sponsored by an affiliate of Riverstone Holdings LLC ("Riverstone"), today announced the closing of its initial public offering ("IPO") of 40,250,000 units (including the full exercise of the underwriters' option to purchase an additional 5,250,000 units) at a price of $10.00 per unit. The Company's units began trading on the Nasdaq Capital Market ("NASDAQ") under the ticker symbol "DCRNU" on February 4, 2021. Each unit issued in the IPO consists of one share of the Company's Class A common stock and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on NASDAQ under the symbols "DCRN" and "DCRNW," respectively.