Davis Polk advised the underwriters in connection with the $200 million initial public offering of 20,000,000 units of Decarbonization Plus Acquisition Corporation. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of Decarbonization Plus Acquisition Corporation. The units were listed on the Nasdaq Capital Market under the symbol “DCRBU.”
Decarbonization Plus Acquisition Corporation is a newly organized, special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Decarbonization Plus Acquisition Corporation intends to capitalize on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization.
The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Gil Savir and Merisa Lyn Hartung. The tax team included partner Michael Farber and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.