SDCL EDGE Acquisition priced its IPO of 17.5 million units at $10 each. Units begin trading today on the NYSE under SEDA.U. Each consists of one Class A ordinary share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to list under SEDA and SEDA WS.
The offering is expected to close Nov. 2.
The 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.
Goldman Sachs and BofA Securities are joint book-running managers for the offering. The underwriters have an option to purchase up to an additional 2.625 million units to cover any over-allotments. Read more.
