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ArcLight Clean Transition II将与可再生天然气生产商Opal Fuels合并，以促进Opal在美国上市
2021-12-02 21:20
08:17 AM EST, 12/02/2021 (MT Newswires) -- ArcLight Clean Transition Corp II (ACTD), a blank-check special purpose acquisiton company, and renewable gas producer OPAL Fuels said Thursday they have entered into a definitive merger agreement to facilitate the US listing of OPAL.
The combined company, with an estimated enterprise value of $1.75 billion, will be named OPAL Fuels Inc. and listed on Nasdaq under the symbol "OPL." It is expected to have about $536 million in gross proceeds and $125 million in fully-committed private investment in public equity. Affiliates of NextEra Energy (NEE) have also committed up to $100 million in preferred equity investment.
The transaction has been approved by the companies' boards of directors but remains subject to the approval of ArcLight's stockholders. It is expected to be completed in Q2.
Shares in the special purpose acquisition company rose nearly 4% in recent Thursday premarket trading, while NextEra Energy shares were up nearly 0.1%.
Price: 10.2, Change: +0.36, Percent Change: +0.04
