SDCL EDGE Acquisition Files for $250M IPO

IPO

SDCL EDGE Acquisition registered with the SEC to raise $250 million through an offer of 25 million units at $10 each. A unit will consist of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants would be exercisable for a share at $11.50.

The new SPAC’s focus is on companies engaged in energy efficient and decentralized energy solutions for a lower carbon economy, especially for the built environment and transport sectors.

SDCL EDGE is led by Chairman and Co-CEO Jonathan Maxwell, also the founder and CEO of SDCL, and Co-CEO Michael Feldman, a former managing director and head of infrastructure for Sixth Street Partners. 

The SPAC intends to apply for a NYSE listing under SEDA.U. Read more.

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