MENLO PARK, Calif.,
Oct. 19, 2020 /PRNewswire/ --
Decarbonization Plus Acquisition Corporation (the "Company")
announced today that it has commenced its initial public offering
("IPO") of 20,000,000 units at a price of $10.00 per unit. The Company intends to grant the
underwriters a 45-day option to purchase up to an additional
3,000,000 units. Each unit issued in the IPO will consist of one
share of the Company's Class A common stock and one-half of one
redeemable warrant, with each whole warrant entitling the holder
thereof to purchase one share of the Company's Class A common stock
at an exercise price of $11.50 per
share. The units are expected to be listed on the NASDAQ Capital
Market ("NASDAQ") and trade under the ticker symbol "DCRBU." Once
the securities comprising the units begin separate trading, the
shares of Class A common stock and warrants are expected to be
listed on NASDAQ under the symbols "DCRB" and "DCRBW,"
respectively.
Citigroup and Credit Suisse 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 Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717,
at 1-800-831-9146 or by email at Prospectus@citi.com or 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.
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
Decarbonization Plus Acquisition Corporation was formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock 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, LLC, which is an
affiliate of Riverstone Investment Group LLC and its affiliates.
Decarbonization Plus Acquisition Corporation 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
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
