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Peridot Acquisition Corp. II announced the closing of its issuance of 4,845,476 units from the partial exercise of underwriters’ options, raising gross proceeds of $48,454,760. This increases the total from its IPO to $408,454,760. The units, composed of Class A ordinary shares and warrants, began trading under the symbol 'PDOT.U' on March 9, 2021. The company aims to identify targets in environmentally-friendly infrastructure and disruptive technologies aimed at reducing greenhouse gas emissions.
Peridot Acquisition Corp. II has successfully completed its upsized initial public offering, raising $360 million from the sale of 36,000,000 units. Each unit comprises one Class A ordinary share and one-fifth of a warrant, with warrants priced at $11.50 per share. Trading for these units commenced on March 9, 2021, under the ticker symbol PDOT.U. The company is focusing on investments in environmentally friendly infrastructure and technologies aimed at reducing greenhouse gas emissions. UBS Securities LLC and Barclays Capital Inc. were the joint book-running managers for the offering.
