Decarbonization Plus Acquisition IV priced its IPO of 27.5 million units at $10 each.
Units begin trading today on the Nasdaq under DCRDU. Each consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share. Once the securities begin separate trading, shares and warrants are expected to list under DCRD and DCRDW.
Credit Suisse and Citigroup are joint book-running managers for the offering. The underwriters have an over-allotment option to purchase up to an additional 4.125 million units.
The new SPAC’s focus is on decarbonization companies engaged in the energy and agriculture, industrials, or transportation and commercial and residential sectors. Read more.