CH4 Natural Solutions $200 million SPAC IPO
We advised the underwriters on the IPO
Davis Polk advised the representative of the underwriters in connection with the initial public offering of 20,000,000 units of CH4 Natural Solutions Corporation, for aggregate proceeds of $200 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share. The units are listed on the Nasdaq Capital Market under the symbol “MTNE.U.”
CH4 Natural Solutions was formed for the purpose of effecting a business combination with a private target company, and intends to focus its search for a target business with a significant real-asset footprint that may provide opportunities for attractive risk-adjusted returns and benefit from accelerated methane mitigation initiatives at scale. CH4 Natural Solutions is sponsored by an affiliate of Riverstone Earth LLC.
Riverstone Earth is an outgrowth of Riverstone Holdings LLC, carrying on its 25-year track record in energy, infrastructure and real-asset investing.
The Davis Polk corporate team included partner Derek Dostal and associate Sean Kennelly. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.