Peridot Acquisition Corp. II Announces Pricing of Upsized $360 Million Initial Public Offering
09 March 2021 - 11:03AM
Peridot Acquisition Corp. II (the “Company”), a blank check company
sponsored by an affiliate of Carnelian Energy Capital Management,
L.P. (“Carnelian”) and formed for the purpose of entering into a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses or entities, today announced the pricing of its upsized
initial public offering of 36,000,000 units at a price of $10.00
per unit.
While the Company may pursue an initial business
combination target in any business or industry, the Company intends
to target opportunities and companies that focus on environmentally
sound infrastructure, industrial applications and disruptive
technologies that eliminate or mitigate greenhouse gas (GHG)
emissions and/or enhance resilience to climate change, a thematic
that the Company refers to as Mitigation and Adaptation. The
Company’s sponsor is an affiliate of Carnelian, a Houston-based
investment firm that focuses on opportunities in the North American
energy space.
The units will be listed on the New York Stock
Exchange and trade under the ticker symbol “PDOT.U” beginning March
9, 2021. Each unit consists of one Class A ordinary share of the
Company and one-fifth of one warrant. Each whole warrant entitles
the holder thereof to purchase one Class A ordinary share of the
Company at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on the New York Stock
Exchange under the symbols “PDOT” and “PDOT WS,” respectively. The
offering is expected to close on March 11, 2021, subject to
customary closing conditions.
UBS Securities LLC and Barclays Capital Inc.
acted as joint book running managers for the offering. The Company
has granted the underwriters a 45-day option to purchase up to an
additional 5,400,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus may be
obtained from: UBS Securities LLC, Attn: Prospectus Department,
1285 Avenue of the Americas, New York, New York 10019, telephone:
(888) 827-7275 or email: ol-prospectusrequest@ubs.com, or Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, email:
barclaysprospectus@broadridge.com, tel: (888) 603-5847.
A registration statement relating to the
securities became effective on March 8, 2021 in accordance with
Section 8(a) of the Securities Act of 1933, as amended. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the closing of the proposed initial public offering and the
anticipated use of the net proceeds. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus for
the Company’s offering filed with the Securities and Exchange
Commission (“SEC”). Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contacts
Peridot Acquisition Corp.
IIwww.peridotspac.comJeffrey Gilbert(713) 322-7321
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