Decarbonization Plus Acquisition Corp. IV (DCRDU) Prices $275M IPO


Decarbonization Plus Acquisition Corp. IV (DCRDU) Prices $275M IPO

Aug 10, 2021 IPOs by Marlena Haddad

Decarbonization Plus Acquisition Corp. IV announced the pricing of its $275 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “DCRDU”, Wednesday, August 11.

The new company intends to combine with a target that is focused on decarbonizing a carbon-intensive sector and is at an inflection point. Decarbonization Plus IV is led by CEO Erik Anderson, CFO, CAO and Secretary Peter Haskopoulos, and Chairman Robert Tichio.

Total SPAC deal count for 2021 year-to-date is now 400. This offering is expected to close on Friday, August 13.

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