The issuer, a SPAC, offered 17,500,000 units which were listed on the NYSE

Davis Polk advised the underwriters in connection with the initial public offering of 17,500,000 units of SDCL EDGE Acquisition Corporation for aggregate proceeds of $175 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of SDCL EDGE Acquisition Corporation. The units were listed on the NYSE under the symbol “SEDA.U.”

SDCL EDGE Acquisition Corporation is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. SDCL EDGE Acquisition Corporation intends to focus in its search for a business combination target on opportunities created by the rapid shift towards energy efficient and decentralized energy solutions for a lower carbon economy and, in particular, for the built environment and transport sectors.

The Davis Polk corporate team included partners Reuven B. Young and Derek Dostal, counsel Connie I. Milonakis and associates Maxim Van de moortel and Despoina Arslanidi. The tax team included counsel Alon Gurfinkel and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the London and New York offices.

Copy link to share post