ArcLight Clean Transition II in a regulatory filing today announced that thus far, PIPE Investors representing $110.8 million (or approximately 89%) of committed equity financing for the proposed business combination with OPAL Fuels have entered into amendments on their subscription agreements. The termination provisions were extended by 60 days.
OPAL is a vertically integrated producer and distributor of renewable natural gas.
The deal values the combined company at $1.75 billion. The transaction and related financings are expected to provide gross proceeds of approximately $536 million to OPAL. Read more.
