XML 127 R21.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Initial Public Offering
12 Months Ended
Dec. 31, 2023
Power & Digital Infrastructure Acquisition II Corp. [Member]  
Initial Public Offering [Line Items]  
INITIAL PUBLIC OFFERING

NOTE 3 INITIAL PUBLIC OFFERING

On December 14, 2021, the Company consummated its Initial Public Offering of 28,750,000 Units, which included the exercise of the underwriters’ option to purchase an additional 3,750,000 Over-Allotment Units at the initial public offering price, generating gross proceeds of $287.5 million, and incurring offering costs of approximately $20.7 million, of which approximately $10.1 million was for deferred underwriting fees.

Each Unit consists of one share of Class A common stock, and one-half of one redeemable warrant. Each Public Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment (see Note 7).