MENLO PARK, Calif.,
Oct. 19, 2020 /PRNewswire/ --
Decarbonization Plus Acquisition Corporation (the "Company")
announced today the pricing of its initial public offering ("IPO")
of 20,000,000 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
"DCRBU" beginning on October 20,
2020. Each unit consists 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. 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 Company has granted the
underwriters a 45-day option to purchase up to an additional
3,000,000 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 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
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on October 19, 2020. 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 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
