BOSTON & WHITE PLAINS, N.Y., July 18, 2022–(Business enterprise WIRE)–ArcLight (Nasdaq: ACTD) introduced today that shareholders authorized the formerly proposed business blend with OPAL Fuels LLC (“OPAL Fuels”), a vertically built-in producer and distributor of renewable natural fuel (“RNG”).
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The formal effects of the vote will be bundled in a Present-day Report on Form 8-K to be filed by ArcLight with the U.S. Securities and Exchange Commission (the “SEC”).
The business combination is expected to near on gratification of all closing situations. The combined entity will be renamed OPAL Fuels Inc. and its Class A everyday shares will trade on the Nasdaq beneath the ticker symbol “OPAL” and its warrants will trade on the Nasdaq beneath the ticker image “OPALW”.
About OPAL Fuels LLC
OPAL Fuels LLC is a top vertically integrated renewable fuels system involved in the output and distribution of renewable organic gas (RNG) for the major-duty truck industry. RNG is a established very low-carbon fuel that is swiftly decarbonizing the transportation marketplace now though also drastically cutting down fees for fleet proprietors. OPAL Fuels captures destructive methane emissions at the supply and recycles the trapped vitality into a commercially viable, reduce-expense alternative to diesel gasoline. OPAL Fuels also develops, constructs, and providers RNG and hydrogen fueling stations. As a producer and distributor of carbon-decreasing gasoline for significant-obligation truck fleets for a lot more than a ten years, the enterprise delivers best-in-class, full renewable answers to shoppers and manufacturing companions. To discover far more about OPAL Fuels and how it is primary the work to capture North America’s damaging methane emissions and decarbonize the transportation industry, you should stop by www.opalfuels.com and adhere to the enterprise on LinkedIn and Twitter at @OPALFuels.
About ArcLight Clear Transition Corp. II
ArcLight, led by Chairman Daniel Revers and President and Main Executive Officer Jake Erhard, is a specific function acquisition company fashioned for the reason of effecting a funds inventory trade, asset acquisition, share obtain, reorganization, or comparable business enterprise mixture with one particular or much more enterprises targeted on opportunities created by the accelerating changeover towards sustainable use of power and organic means.
Vital Information and facts and Exactly where to Uncover It
In connection with the Organization Mixture, ArcLight has filed with the SEC a Registration Assertion on Variety S-4 (as amended, the “Registration Statement”), which involves the similar proxy assertion/prospectus of ArcLight with regard to the shareholders’ conference (the “Proxy Assertion”). The Registration Statement was declared effective by the SEC on June 27, 2022. This document does not include all the information that must be thought of concerning the Business Blend and is not intended to sort the foundation of any investment decision conclusion or any other final decision in regard of the Business enterprise Combination.
Investors AND Stability HOLDERS AND OTHER Interested Get-togethers ARE URGED TO Examine THE PROXY Assertion AND ANY OTHER Appropriate Documents THAT HAVE BEEN Submitted OR WILL BE Submitted WITH THE SEC, AS Perfectly AS ANY AMENDMENTS OR Supplements TO THESE Paperwork, Cautiously AND IN THEIR ENTIRETY Simply because THEY Contain Vital Information ABOUT ARCLIGHT, OPAL FUELS, THE Business Blend AND Connected Matters.
Shareholders will also be in a position to get hold of copies of the Registration Statement, without having demand, at the SEC’s site at www.sec.gov. In addition, the files filed by ArcLight may well be obtained free of cost from ArcLight at https://www.arclightclean.com or by directing a ask for to: ArcLight Clean up Changeover Corp. II, 200 Clarendon Avenue, 55th Ground, Boston, MA 02116.
Selected statements in this interaction might be deemed ahead-seeking statements. Forward-wanting statements are statements that are not historic points and frequently relate to potential activities or ArcLight’s or OPAL Fuels’ long term fiscal or other overall performance metrics. In some instances, you can detect ahead-on the lookout statements by terminology these kinds of as “believe that,” “may perhaps,” “will,” “perhaps,” “estimate,” “continue on,” “anticipate,” “intend,” “could,” “would,” “job,” “target,” “system,” “assume,” or the negatives of these terms or versions of them or comparable terminology. These types of forward-looking statement are subject matter to dangers and uncertainties, which could lead to precise outcomes to differ materially from individuals expressed or implied by this kind of ahead searching statements. New pitfalls and uncertainties could arise from time to time, and it is not achievable to forecast all pitfalls and uncertainties. These ahead-looking statements are based mostly upon estimates and assumptions that, when considered acceptable by ArcLight and its administration, and OPAL Fuels and its administration, as the situation may be, are inherently uncertain and topic to material transform. Components that may well cause true final results to vary materially from recent expectations include things like, but are not minimal to, various things outside of management’s control, which include normal economic conditions and other dangers, uncertainties and things established forth in the portion entitled “Possibility Elements” and “Cautionary Statement Relating to Ahead-On the lookout Statements” in the Registration Assertion and other filings with the SEC, as perfectly as (1) factors connected with corporations, such as OPAL Fuels, that are engaged in the generation and integration of renewable pure gasoline (RNG), including expected traits, advancement fees, and difficulties in people enterprises and in the marketplaces in which they work (2) macroeconomic problems connected to the world COVID-19 pandemic (3) the effects of enhanced opposition (4) contractual preparations with, and the cooperation of, landfill and livestock squander website proprietors and operators, on which OPAL Fuels operates its landfill fuel and livestock waste initiatives that make electricity and RNG rates for environmental attributes, low carbon gas conventional credits and other incentives (5) the capability to recognize, acquire, acquire and work renewable projects and RNG fueling stations (6) delays in obtaining, adverse circumstances contained in, or the incapacity to receive vital regulatory approvals or complete regulatory testimonials needed to entire the proposed transaction (7) the end result of any lawful proceedings that may perhaps be instituted in connection with the proposed transaction and (8) the skill of the combined enterprise that outcomes from the proposed transaction to concern fairness or fairness-linked securities or receive personal debt funding in link with the transaction or in the long run. Nothing in this conversation must be regarded as a illustration by any human being that the forward-searching statements established forth herein will be accomplished or that any of the contemplated outcomes of such ahead-searching statements will be achieved. You ought to not location undue reliance on forward-searching statements in this conversation, which communicate only as of the day they are manufactured and are certified in their entirety by reference to the cautionary statements herein. Equally ArcLight and OPAL Fuels expressly disclaim any obligations or undertaking to launch publicly any updates or revisions to any forward-seeking statements contained herein to mirror any improve in ArcLight’s or OPAL Fuels’ expectations with respect thereto or any alter in activities, conditions or instances on which any assertion is based.
This conversation is for informational uses only and is neither an present to buy, nor a solicitation of an offer to market, subscribe for or obtain, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Mix or normally, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of relevant law. No present of securities shall be built besides by suggests of a prospectus meeting the needs of Area 10 of the Securities Act of 1933, as amended.
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Senior Director General public Relations and Marketing
ArcLight Clean Transition Corp. II
Chief Economical Officer