Decarbonization Plus Acquisition IV, a blank check company formed by Riverstone targeting businesses advancing global decarbonization, raised $275 million by offering 27.5 million units at $10. Each unit consists of one ordinary share and one-half of a warrant, exercisable at $11.50.
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The company is led by CEO and Director Erik Anderson, the founder and CEO of investment firm WestRiver Group and Executive Chairman of Topgolf Entertainment, and CFO and CAO Peter Haskopoulos, a Managing Director and CFO of Riverstone.
The company plans to target businesses that may advance the objectives of global decarbonization, including those operating in the energy and agriculture, industrials, transportation, and commercial and residential sectors.
Decarbonization Plus Acquisition IV plans to list on the Nasdaq under the symbol DCRDU. Credit Suisse and Citi acted as joint bookrunners on the deal.
