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SDCL EDGE Acquisition Priced, NYSE: SEDA

Blank check company formed by Sustainable Development Capital targeting energy efficiency plays.

Industry: SPAC

Latest Trade: $11.30 0.00 (0.0%)

First Day Return: -1.0%

Return from IPO: +13.0%

Industry: SPAC

We are a blank check company. Our sponsor is an affiliate of Sustainable Development Capital LLP (“SDCL”). SDCL is a London-based investment firm with strong track record of investments in energy efficient solutions. We are a natural extension of SDCL’s existing business. SDCL's experience in the industry will enable us to add value to target companies and help them exploit competitive advantage and to grow. We are confident that SDCL’s extensive track record in energy efficiency and decentralized energy, established investment team, broad industry relationships and M&A and deal-making capabilities position us to take advantage of the long-term opportunities created by the transition to a lower carbon energy economy. Nearly 60% of global carbon emissions and energy demand come from buildings, industry and transport. These cover a broad set of subsectors, and our investment focus will be on sustainable and lower carbon solutions for the built environment or transport sectors, according to BloombergNEF. In particular, we have identified three subsectors that we find particularly attractive: Energy Efficiency, Decentralized Energy and Clean Energy for Low Carbon Transport Infrastructure. A substantial and rapidly growing marketplace has emerged for solutions in these subsectors, providing us with attractive growth sectors in which to invest.
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IPO Data
IPO File Date 03/12/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/28/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
BofA Securities
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 3
Website www.sdclgroup.com

SDCL EDGE Acquisition (SEDA) Performance