Hyzon Motors, the Leading Hydrogen Fuel Cell Heavy Vehicle Company, Announces Business Combination with Decarbonization Plus Acquisition Corporation; Combined Company Expected to be Listed on Nasdaq
- Transaction to provide gross proceeds of up to approximately $626 million to the company, including a $400 million fully committed common stock PIPE at $10 per share, anchored by existing and new investors, including funds and accounts managed by BlackRock, the Federated Hermes Kaufmann Funds, Fidelity Management & Research Company LLC, Wellington Management and Riverstone Energy Limited
- Proceeds to fully fund and accelerate Hyzon s well-defined growth strategy in the hydrogen fuel cell-powered, zero-emission commercial transportation sector
Decarbonization Plus Acquisition Corporation II Completes Initial Public Offering
- Will seek to identify an innovative company working to decarbonize critical carbon-intensive industries
- Furthers Riverstone s leadership in low-carbon investments, having established industry-leading, scaled companies with more than $5 billion of equity invested, including $1.6 billion of newly raised capital in the past year
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MENLO PARK, Calif., Feb. 8, 2021 /PRNewswire/ Decarbonization Plus Acquisition Corporation II (the Company ), a blank check company sponsored by an affiliate of Riverstone Holdings LLC ( Riverstone ), today announced the closing of its initial public offering ( IPO ) of 40,250,000 units (including the full exercise of the underwriters option to purchase an additional 5,250,000 units) at a price of $10.00 per unit. The Company s units began trading on the Nasdaq Capital Market ( NASDAQ ) under the ticker symbol DC
Congruex Acquires Gudenkauf Corporation
Represents Congruex s Ninth Strategic Acquisition in Less than Three Years
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BOULDER, Colo. and COLUMBUS, Ohio, Dec 22, 2020 /PRNewswire/ Congruex, a national end-to-end provider of design, engineering, construction, and maintenance services to broadband providers, today announced the acquisition of Gudenkauf Corporation ( Gudenkauf ), a leading regional provider of self-perform construction services for communications. Financial terms of the transaction were not disclosed.
Founded in 1977, by Jeff Gudenkauf, Gudenkauf is an end-to-end solution provider of diversified telecommunications, utility and systems integration solutions. Its primary offerings include outside plant construction, splicing and emergency restoration services. Gudenkauf is headquartered in Columbus, Ohio and serves customers throughout Ohio, West Virginia, and the broader mid-Atlantic region.