Decarbonization Plus Acquisition Corporation III (DCRCU) Prices $350M IPO


Decarbonization Plus Acquisition Corporation III (DCRCU) Prices $350M IPO

Decarbonization Plus Acquisition Corporation  III announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “DCRCU” Wednesday, March 24.

The company aims to combine with a target providing opportunities for attractive returns in one of the sectors that may help reduce carbon emissions. Decarbonization Plus III is led by CEO Erik Anderson alongside CFO, Chief Accounting Officer and Secretary Peter Haskopoulos.

Total SPAC deal count for 2020 year-to-date is now 289. The offering is anticipated to close on Friday, March 26.

Credit Suisse and Citigroup are acting as joint book running managers for the proposed offering. Vinson & Elkins LLP and Davis Polk & Wardwell LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.