Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 23,000,000 units of Climate Change Crisis Real Impact I Acquisition Corporation, including 3,000,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $230 million. Each unit consists of one share of Class A common stock and one-half of one warrant to purchase one share of Class A common stock of Climate Change Crisis Real Impact I Acquisition Corporation. The Class A common stock and warrants are expected to be listed on the NYSE under the symbols “CLII” and “CLII WS,” respectively.

Climate Change Crisis Real Impact I Acquisition Corporation is a special purpose acquisition company (SPAC) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Climate Change Crisis Real Impact I Acquisition Corporation is not limited to a particular industry or geographic region for purposes of consummating a business combination, the company intends to focus on industries in the carbon avoidance and carbon removal sector.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Jolie Yang and Wendy Li. The tax team included partner Mario J. Verdolini and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

 

Copy link to share post