SDCL EDGE Acquisition Corporation Announces Closing of $175,000,000 Initial Public Offering

Nov 02, 2021

SDCL+EDGE+Acquisition+Corporation (the “Company”) (NYSE: SEDA.U), a newly formed special purpose acquisition company, today announced the closing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. Total gross proceeds from the offering were $175,000,000, before deducting underwriting discounts and commissions and other offering expenses. The units began trading on The New York Stock Exchange (“NYSE”) under the ticker symbol “SEDA.U” on October 29, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant may be exercised for one Class A ordinary share at a price of $11.50 per share following the later of 30 days after the completion of the Company's initial business combination and 12 months from the closing of the Company's initial public offering. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “SEDA” and “SEDA WS”, respectively.

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