Decarbonization Plus Acquisition Corporation IV Announces Launch of Initial Public Offering
Decarbonization Plus Acquisition Corporation IV has initiated its IPO, offering 27,500,000 units priced at $10.00 each. An additional 4,125,000 units may be purchased by underwriters. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with the full warrant's exercise price set at $11.50. The units will trade on NASDAQ under the symbol DCRDU. The company aims to target sectors focused on decarbonization, backed by Riverstone Investment Group's extensive experience in low-carbon investments.
- IPO of 27,500,000 units raises potential capital for decarbonization efforts.
- Strategic focus on carbon-intensive sectors aligns with growing market demand.
- Strong backing from Riverstone with over $5 billion in low-carbon investments.
- IPO completion is uncertain, subject to various external conditions.
- Registration statement has not yet become effective, delaying offering.
MENLO PARK, Calif., Aug. 10, 2021 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation IV (the "Company") announced today that it has commenced its initial public offering ("IPO") of 27,500,000 units at a price of
Credit Suisse and Citigroup are acting as joint book running managers for the proposed offering.
The public offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone at 1-800-221-1037, or by email at usa.prospectus@credit-suisse.com or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC"), but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Decarbonization Plus Acquisition Corporation IV
Decarbonization Plus Acquisition Corporation IV was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The Company intends to focus its search for a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors, including the energy and agriculture, industrials, transportation and commercial and residential sectors. The Company is sponsored by Decarbonization Plus Acquisition Sponsor IV LLC, which is an affiliate of Riverstone Investment Group LLC and its affiliates. Decarbonization Plus Acquisition Corporation IV represents a further expansion of Riverstone's 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the proposed IPO. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investors:
Peter Haskopoulos, Chief Financial Officer
Email: phaskopoulos@riverstonellc.com
Phone: 212-271-6247
Media:
Daniel Yunger / Jeffrey Taufield
Kekst CNC
daniel.yunger@kekstcnc.com / jeffrey.taufield@kekstcnc.com
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SOURCE Decarbonization Plus Acquisition Corporation IV
FAQ
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