Decarbonization Plus Acquisition Corporation IV Announces Pricing of Initial Public Offering

Rhea-AI Summary

Decarbonization Plus Acquisition Corporation IV announced the pricing of its IPO, offering 27,500,000 units at $10.00 each. Trading under the ticker symbol DCRDU begins on August 11, 2021. Each unit includes one Class A ordinary share and a half warrant, with whole warrants priced at $11.50. Credit Suisse and Citigroup are joint book running managers, with an option for underwriters to buy an additional 4,125,000 units. The company focuses on mergers and acquisitions in sectors aimed at decarbonization, backed by a strong investment history from Riverstone Investment Group.

Positive

• Successful pricing of 27,500,000 IPO units at $10.00 each, indicating strong interest.
• Partnership with Credit Suisse and Citigroup for the IPO enhances credibility.
• Focus on decarbonization aligns with growing environmental trends, likely attracting investors.

Negative

• No assurance that IPO will complete as planned, highlighting market uncertainties.
• Potential dilution risk if underwriters exercise their option for additional units.

MENLO PARK, Calif., Aug. 10, 2021 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation IV (the "Company") announced today the pricing of its initial public offering ("IPO") of 27,500,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "DCRDU" beginning on August 11, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one of the Company's Class A ordinary shares at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "DCRD" and "DCRDW," respectively.

Credit Suisse and Citigroup are acting as joint book running managers for the proposed offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,125,000 units at the IPO price.

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 declared effective by the U.S. Securities and Exchange Commission (the "SEC") on August 10, 2021. 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 $5 billion of equity invested in renewables. This IPO adds to the breadth of Riverstone's efforts and underscores the support from the firm's long-term investors across its low-carbon platforms.

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the 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

What is the IPO price of Decarbonization Plus Acquisition Corporation IV?

The IPO price is set at $10.00 per unit.

When will Decarbonization Plus Acquisition Corporation IV begin trading?

Trading will begin on August 11, 2021, under the ticker symbol DCRDU.

What does each unit in the IPO consist of?

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.

Who are the underwriters for the IPO?

Credit Suisse and Citigroup are acting as joint book running managers for the IPO.

What is the focus of Decarbonization Plus Acquisition Corporation IV?

The company aims to target advancements in decarbonizing carbon-intensive sectors.