Decarbonization Plus Acquisition IV in an amended S-1 filing today lowered its planned IPO to 27.5 million units after cutting the deal size to 30 million units in June from the 35 million units initially registered in March.
The new SPAC’s focus is on decarbonization companies engaged in the energy and agriculture, industrials, or transportation and commercial and residential sectors.
Decarbonization Plus IV is led by CEO and Director Erik Anderson, who has also filled those roles in his previous SPACs. Decarb Plus I stockholders earlier this month approved a $626 million merger agreement with Hyzon Motors.
Credit Suisse and Citigroup are joint book-running managers. The underwriters have an option to purchase up to an additional 4.125 million units to cover over-allotments, if any.
The SPAC plans to apply for a listing on the Nasdaq under DCRDU. Read more.