We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 24,150,000 units of Climate Real Impact Solutions II Acquisition Corporation, including 3,150,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $241 million. Each unit consists of one share of Class A common stock and one-fifth of one warrant to purchase one share of Class A common stock of Climate Real Impact Solutions II Acquisition Corporation. The Class A common stock and warrants are expected to be listed on the NYSE under the symbols “CLIM” and “CLIM WS,” respectively.

Climate Real Impact Solutions II Acquisition Corporation is a special purpose acquisition company (SPAC) whose business purpose is to effect a business combination with one or more businesses or entities. The company intends to focus on industries in the carbon avoidance and carbon removal sector.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Johnathan M. Nixon and Daniel Chao. The tax team included partner Mario J. Verdolini and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post