Power & Digital Infrastructure Acquisition II priced its initial public offering of 25 million units at $10 per unit.
The units begin trasding today on the Nasdaq under ticker symbol XPDBU. Each consists of one share of Class A common stock and one-half of a warrant.
The offering is expected to close Dec. 14.
The SPAC will focus on a prospective target business in North America within the renewable and transition energy sector.
Barclays and BofA Securities are acting as joint book-running managers for the offering. Read more.
