Decarbonization Plus Acquisition Corporation’s $200 Million Initial Public Offering

Davis Polk advised the underwriters, led by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC, on the deal. Vinson & Elkins LLP advised Decarbonization Plus Acquisition Corporation on the deal.

Decarbonization Plus Acquisition Corporation executed the $200 million initial public offering of 20,000,000 units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of Decarbonization Plus Acquisition Corporation. The units were listed on the Nasdaq Capital Market under the symbol “DCRBU.”

Decarbonization Plus Acquisition Corporation is a newly organized, 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. Decarbonization Plus Acquisition Corporation intends to capitalize on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization.

The Davis Polk corporate team advising the underwriters included partners Derek Dostal (Picture) and Deanna L. Kirkpatrick and associates Gil Savir and Merisa Lyn Hartung. The tax team included partner Michael Farber and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice.

The V&E team was led by partners Ramey Layne and Brenda Lenahan and senior associates Zach Swartz and Stancell Haigwood, with assistance from associates Joe Milano and Katherine Coric. Partners David Peck and Jason McIntosh and associate Christine Mainguy provided tax advice.

Involved fees earner: Derek Dostal – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Joseph Gerstel – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Merisa Lyn Hartung – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Gil Savir – Davis Polk & Wardwell; Stancell Haigwood – Vinson & Elkins LLP; Ramey Layne – Vinson & Elkins LLP; Brenda Lenahan – Vinson & Elkins LLP; Christine Mainguy – Vinson & Elkins LLP; Jason McIntosh – Vinson & Elkins LLP; Joseph Milano – Vinson & Elkins LLP; David Peck – Vinson & Elkins LLP; Zach Swartz – Vinson & Elkins LLP;

Law Firms: Davis Polk & Wardwell; Vinson & Elkins LLP;

Clients: Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Decarbonization Plus Acquisition Corporation;

Author: Ambrogio Visconti