ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company is led by...read more
ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, filed on Thursday with the SEC to raise up to $250 million in an initial public offering. The Boston, MA-based company plans to raise $250 million by offering 25 million units at $10. Each unit will consist of one share of common stock and one-fourth of a...read more
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Renewable energy-focused SPAC ArcLight Clean Transition II prices upsized $275 million IPO
ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company is led by...read more
Renewable energy SPAC ArcLight Clean Transition II files for a $250 million IPO
ArcLight Clean Transition II, the second blank check company formed by ArcLight Capital Partners targeting renewables, filed on Thursday with the SEC to raise up to $250 million in an initial public offering. The Boston, MA-based company plans to raise $250 million by offering 25 million units at $10. Each unit will consist of one share of common stock and one-fourth of a...read more