Decarbonization Plus Acquisition Corporation IV announced a private placement of 6,666,667 warrants for $1.5 per warrant for a gross proceed of $ 10,000,000.5 on March 15, 2021. The transaction will include participation from returning investor Decarbonization Plus Acquisition Sponsor IV LLC. The transaction also includes an oversubscription of 700,000 warrant for $1.5 per warrant for an additional gross proceed of $ 1,050,000 in the aggregate if the underwriters’ option to purchase additional warrants is exercised in full. Each warrant entitles the holder thereof to purchase one share of Class A common stock at $11.50 per share, subject to adjustment and will not be redeemable. The transaction is subject to approval of board of directors of the company. The transaction will close simultaneously with the closing of public offering. The warrants will not be redeemable, transferable, assignable or salable until 30 days after the completion of initial business combination and will be entitled to registration rights.