ArcLight Clean Transition Corp. II (ACTDU) Prices Upsized $275M IPO


ArcLight Clean Transition Corp. II (ACTDU) Prices Upsized $275M IPO

ArcLight Clean Transition Corp. II announced the pricing of its upsized $275 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACTDU”, Tuesday, March 23.

The new company aims to combine with a target business accelerating the transition toward sustainable use of energy and natural resources. ArcLight II is led by Chairman Daniel R. Revers, President and CEO Jake F. Erhard, CFO Marco F. Gatti, and COO Rick S. Knauth.

Total SPAC deal count for 2021 year-to-date is now 284. This offering is expected to close on Thursday, March 25.

Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.