MENLO PARK, Calif.,
Feb. 8, 2021 /PRNewswire/ --
Decarbonization Plus Acquisition Corporation II (the "Company"), a
blank check company sponsored by an affiliate of Riverstone
Holdings LLC ("Riverstone"), today announced the closing of its
initial public offering ("IPO") of 40,250,000 units (including the
full exercise of the underwriters' option to purchase an additional
5,250,000 units) at a price of $10.00
per unit. The Company's units began trading on the Nasdaq Capital
Market ("NASDAQ") under the ticker symbol "DCRNU" on February 4, 2021. Each unit issued in the
IPO consists of one share of the Company's Class A common stock and
one-third 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 "DCRN" and "DCRNW," respectively.
The Company was formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with a target whose
principal effort is developing and advancing a platform that
decarbonizes the most carbon-intensive sectors. These include the
energy and agriculture, industrials, transportation and commercial
and residential sectors. The proceeds of the offering are to be
used to fund such a business combination.
Robert Tichio, Chairman of the
Company's Board and a Partner at Riverstone, said, "We are excited
to announce another investment vehicle, focused on critical and
innovate initiatives that advance a low-carbon future. We are
grateful for the support received from like-minded investors, who
firmly believe that there are tremendous environmental and
investment opportunities ahead of us, as a multitude of industries
seek to reduce their carbon footprint. We look forward to
identifying and then consummating a business combination with an
exceptional company that has the potential to significantly scale
up solutions for climate change."
Erik Anderson, Chief Executive
Officer, said, "We have tremendous interest in our vision of
decarbonizing the most carbon-intensive sectors, including the
energy, agriculture, industrial, transportation, commercial and
residential sectors."
Mr. Anderson continued, "We remain committed to this purpose and
are excited to once again provide a path to enable our ultimate
target to scale up and make a meaningful contribution to the fight
against climate change."
Pierre Lapeyre, Jr. and
David Leuschen, Co-founders of
Riverstone, said, "Decarbonization Plus Acquisition Corporation II
represents a further expansion of our 15-year franchise in
low-carbon investments. During that time, we have established a
number of industry leading companies of scale and numerous related
projects, with more than $5 billion
of equity to date and two special purpose acquisition companies
focused exclusively on decarbonization. The IPO adds to the breadth
of Riverstone's efforts and underscores the support from long-term
and new investors. We believe that decarbonization will be a
multi-decade investment megatrend and that Riverstone is well
positioned, with deep experience, to make a significant impact for
the environment and our investors. Having raised $1.6 billion in new capital across our low-carbon
portfolio over the last year alone, we are actively furthering our
efforts to address climate change with this new investment."
Credit Suisse and Citigroup acted as joint book running managers
for the offering.
The public offering was made only by means of a prospectus,
copies of which 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, at
1-800-831-9146 or by email at Prospectus@citi.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on February 3, 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 Erik Anderson
Erik Anderson is a leader in
global innovation recognized throughout his career for his business
acumen and leadership. As the Founder and Chief Executive Officer
of WestRiver Group (WRG), Anderson is redefining the paradigm of
capital allocation with a transformative business model. The equity
platform is led by gender-balanced teams, which empirical evidence
suggests is correlated with better returns.
Anderson is a dynamic entrepreneur who challenges and disrupts
industries. He has received the Ernst & Young Entrepreneur of
the Year Award, was named by Goldman Sachs as one of the Top 100
Most Intriguing Entrepreneurs and was awarded the Transformative
CEO Award by The CEO Forum Group. Early in his career, Seattle's Puget Sound Business Journal
recognized Anderson as one of the top "40 under 40" young achievers
and emerging leaders. Erik is currently Executive Chairman of
Singularity University and Topgolf Entertainment Group. In 2019 and
2018 he was ranked by Golf Inc. as the No. 3 Most Powerful Person
in the golf industry.
Erik holds a master's and bachelor's degree in Industrial
Engineering from Stanford University
and graduated cum laude with a bachelor's degree in Management
Engineering from Claremont McKenna
College.
About Riverstone
Riverstone is an energy and power-focused private investment
firm founded in 2000 by David M.
Leuschen and Pierre F. Lapeyre,
Jr. with over $41 billion of
equity capital raised to date. Riverstone conducts buyout, growth
capital, and credit investments in the exploration &
production, midstream, oilfield services, power and renewable
sectors of the energy industry. With offices in New York, London, Houston, Menlo
Park, Mexico City and
Amsterdam, the firm has committed
approximately $43 billion to more
than 200 investments in North
America, South America,
Europe, Africa, Asia,
and Australia.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the use of
proceeds from this offering and identifying a target in a
particular industry and consummating a business combination. No
assurance can be given that the Company will be able to identify a
suitable target and use the proceeds from the offering to
successfully consummate a business combination. 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 prospectus for the Company's
initial public 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
Investor inquiries:
info@dcrbplus.com
Media:
Daniel Yunger / Brinton
Williams
Kekst CNC
daniel.yunger@kekstcnc.com / brinton.williams@kekstcnc.com
Erik Anderson inquires:
Stephanie@wrg.vc
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SOURCE Decarbonization Plus Acquisition Corporation II