Alussa Energy Acquisition II $287.5 million IPO
We advised the sole underwriter on the IPO
Davis Polk advised the underwriter in connection with the initial public offering of 28,750,000 units of Alussa Energy Acquisition Corp. II, for aggregate proceeds of $287.5 million, which includes proceeds from the exercise in full of the underwriter’s over-allotment option. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, where each whole warrant entitles the holder to purchase one Class A ordinary share of Alussa Energy Acquisition Corp. II. The units are listed on the New York Stock Exchange under the symbol “ALUB U.”
Alussa Energy Acquisition Corp. II is a Cayman Islands exempted company, formed as a blank check company for the purpose of entering into a business combination with one or more businesses or entities. It intends to focus its search on high potential businesses in the energy and power infrastructure sectors.
The Davis Polk capital markets team included partner Derek Dostal and associates Michael Schuster and Walker Halstad. The tax team included counsel Yixuan Long and associate Georgianna Eck. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.