Decarbonization Plus Acquisition III today priced its IPO of 35 million units at $10 per unit.
Each consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50. Units are expected to list on the Nasdaq and trade under DCRCU. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under DCRC and DCRCW, respectively.
Sponsored by an affiliate of Riverstone Investment Group, the renewables-focused SPAC plans to target a business in the energy and agriculture, industrials, transportation and commercial and residential sectors. Read more.
