ArcLight Clean Transition Corp II - Ordinary Shares - Class A

NASDAQ:ACTD   10:30:19 AM EDT
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Debt Financing / Related, Exchange Changes, Equity Financing / Related

Opal Fuels To List On Nasdaq Through Merger With ArcLight Clean Transition Corp II

Published: 12/02/2021 11:42 GMT
ArcLight Clean Transition Corp II - Ordinary Shares - Class A (ACTD) - Opal Fuels, a Leading Vertically Integrated Producer and Distributor of Renewable Natural Gas, to List on Nasdaq Through Combination With Arclight Clean Transition Corp.
Ii.
Arclight Clean Transition Corp Ii - Affiliates of Nextera Energy Have Made a Commitment for Up to a $100 Million Preferred Equity Investment in Opal Fuels.
Arclight Clean Transition Corp Ii - Business Values Opal Fuels at an Implied $1.75 Billion Pro Forma Enterprise Value at Price of $10.00 per Arclight Share.
Arclight Clean Transition Corp Ii - Transaction and Related Financings Are Expected to Provide Gross Proceeds of Approximately $536 Million to Opal Fuels.
Arclight Clean Transition Corp Ii - Deal Includes a $125 Million Fully Committed Common Stock Pipe at $10.00 per Share Anchored by Nextera Energy, Inc., Others.
Arclight Clean Transition Corp Ii - Combined Co to Be Named Opal Fuels Inc. & Remain Listed on Nasdaq Stock Exchange Under Ticker Symbol "opl".
Arclight Clean Transition Corp Ii - Combined Co Will Continue to Be Led by Opal Fuels Co-ceos Adam Comora and Jonathan Maurer.
Arclight Clean Transition Corp Ii - Deals Expected to Provide Gross Proceeds of About $536 Million to Fund Construction of Opal Fuels' Rng Development Pipeline.