Power & Digital Infrastructure Acquisition added financial statements and opinion of counsel to an amended S-1 filing in advance of the SPAC’s planned offer of 25 million units at $10 each. The amount of the expected raise remains unchanged from the SPAC’s initial registration with the SEC last month.
The new SPAC said it is focused on targets in three areas: renewable power generation; power technology, equipment and services companies that focus on the integration of intermittent renewables; and dispatchable energy transition infrastructure.
Power & Digital Infrastructure is led by Chairman Theodore Brombach, founding partner of XMS Capital Partners and co-managing partner. He is also the CEO of XA Investments, an alternative asset management firm he co-founded.
The SPAC plans to list on the Nasdaq under XPDIU. Read more.
