Decarbonization Plus Acquisition IV in an amended S-1 filing lowered its proposed IPO to 30 million units from the 35 million units initially registered in March.
A unit consists of of one Class A ordinary share and one-third of one warrant.
The new SPAC’s focus is on decarbonization companies engaged in the energy and agriculture, industrials, or transportation and commercial and residential sectors.
Decarb Plus IV is led by CEO and Director Erik Anderson, who has also filled those roles in previous Decarb Plus SPACs. Decarb Plus I lin February announced a $626 million merger agreement with Hyzon Motors. A shareholder vote on that deal is set for July 15.
Credit Suisse and Citigroup are joint book-running managers for the new SPAC’s offering. The underwriters have a 45-day option to purchase up to an additional 4.5 million units to cover any over-allotments.
The SPAC plans to apply for a listing on the Nasdaq under DCRDU. Read more.
