SDCL EDGE Acquisition closed on an additional 2.5 million units issued to the underwriters through partial exercise of their over-allotment option.
After giving effect to this option, the total number of units sold in the public offering increased to approximately 19.99 million. Simultaneously with the underwriters’ exercise of their option, the SPAC completed a sale of an additional 748,574 private placement warrants to its sponsor, Seaside Holdings and Sustainable Investors Fund, at $1 per private placement warrant.
Goldman Sachs and BofA Securities are joint book-running managers.
SDCL EDGE raised $175 million in its IPO earlier this month. The SPAC’s focus is on companies engaged in energy efficient and decentralized energy solutions. Read more.
