SDCL EDGE Acquisition registered with the SEC to raise $250 million through an offer of 25 million units at $10 each. A unit will consist of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants would be exercisable for a share at $11.50.
The new 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.
SDCL EDGE is led by Chairman and Co-CEO Jonathan Maxwell, also the founder and CEO of SDCL, and Co-CEO Michael Feldman, a former managing director and head of infrastructure for Sixth Street Partners.
The SPAC intends to apply for a NYSE listing under SEDA.U. Read more.
