ArcLight Clean Transition Corp. II (NASDAQ:ACTDU) (the "Company") announced today that, commencing May 13, 2021, holders of the units sold in the Company's initial public offering of 27,500,000 units, completed on March 22, 2021, and the subsequent sale of an additional 3,616,305 units upon partial-exercise of the underwriters' over-allotment option, on March 25, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "ACTDU," and the Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols "ACTD" and "ACTDW," respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants.
The units were initially offered by the Company in an underwritten offering. Barclays Capital Inc. and Citigroup Global Markets Inc. are serving as joint book-running managers for the offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the "SEC") on March 22, 2021.