IPO for SPAC Peridot Acquisition Corp. II (PDOT) Opens at $10.02

Today's IPO for SPAC Peridot Acquisition Corp. II (NYSE: PDOT) (NYSE: PDOT-U) opened for trading at $10.02 after pricing its upsized initial public offering of 36,000,000 units at a price of $10.00 per unit.

While the Company may pursue an initial business combination target in any business or industry, the Company intends to target opportunities and companies that focus on environmentally sound infrastructure, industrial applications and disruptive technologies that eliminate or mitigate greenhouse gas (GHG) emissions and/or enhance resilience to climate change, a thematic that the Company refers to as Mitigation and Adaptation. The Company’s sponsor is an affiliate of Carnelian, a Houston-based investment firm that focuses on opportunities in the North American energy space.

UBS Securities LLC and Barclays Capital Inc. acted as joint book running managers for the offering.

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