Peridot Acquisition II closed its upsized IPO of 36 million units. The new SPAC offered 6 million more units than expected.
Each unit consists of one Class A ordinary share and one-fifth of one warrant, with whole warrants exercisable for a share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to listed on the NYSE under PDOT and PDOT WS, respectively.
Peridot II intends to target opportunities and companies that focus on environmentally sound infrastructure, industrial applications and disruptive technologies. Read more.
