ArcLight Clean Transition II priced its upsized IPO of 27.5 million units at $10 each. The SPAC offered 2.5 million more nits than expected.
Units begin trading on the Nasdaq today under ACTDU. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant. Whole warrants are exercisable at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under ACTD and ACTDW, respectively.
The SPAC intends to pursue opportunities created by the accelerating transition toward sustainable use of energy and natural resources. Read more.
