SDCL EDGE Acquisition Corp. (SEDA.U) Prices $175M IPO


SDCL EDGE Acquisition Corp. (SEDA.U) Prices $175M IPO

Oct 29, 2021 IPOs by Marlena Haddad

SDCL EDGE Acquisition Corp announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “SEDA.U” Friday, October 29.

The new SPAC intends to focus on opportunities created by the rapid shift towards energy efficient and decentralized energy solutions for a lower carbon economy and, in particular, for the built environment and transport sectors. SDCL EDGE is led by Co-CEOs Jonathan Maxwell and Michael Feldman, and CFO and COO Ned Davis.

Total SPAC deal count for 2021 year-to-date is now 504. This offering is expected to close on Tuesday, November 2.

Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as joint book-running managers for this offering. Meagher & Flom (UK) LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell London LLP serving as Underwriter’s Counsel. Kesselman & Kesselman serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.