Renaissance Capital logo

ArcLight Clean Transition II Priced, Nasdaq: ACTDU

Second blank check company formed by ArcLight Capital Partners targeting renewables.

Industry: SPAC

Latest Trade: $9.95 0.00 (0.0%)

First Day Return: +0.1%

Return from IPO: -0.5%

Industry: SPAC

ArcLight Clean Transition Corp. II is a blank check company newly incorporated as a Cayman Islands exempted entity. We intend to pursue opportunities created by the accelerating transition toward sustainable use of energy and natural resources. The renewable energy sector has emerged from a niche source of electricity to be the key driver of growth in the industry, with an estimated $1.5 trillion invested globally between 2015 through 2019 according to IEA. Our sponsor has been a leader in identifying this trend and making investments in the renewable energy sector. Our primary areas of focus include products, equipment, services and technologies enabling the continued decarbonization of the economy. We plan to target companies that serve rapidly growing segments in the clean energy ecosystem, including renewable power generation, energy storage, the distributed electrical grid, zero-emission transportation, renewable fuels, carbon capture, utilization and storage, zero/low-carbon industrial applications and sustainable manufacturing. We believe that market leaders within these high-impact segments can deliver superior long-term returns to equity investors.
more less
IPO News for ArcLight Clean Transition II
more
IPO Data
IPO File Date 02/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/22/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Boston, MA
Founded 2021
Employees 3
Website www.arclight.com