Power & Digital Infrastructure Acquisition II Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencing January 31, 2022

Jan 28, 2022

Power & Digital Infrastructure Acquisition II Corp. (NASDAQ: XPDBU) (the “Company”) announced that, commencing January 31, 2022, holders of the units sold in the Company’s initial public offering of 28,750,000 units, completed on December 14, 2021, may elect to separately trade the shares of Class A common stock and warrants included in the units. Any units not separated will continue to trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “XPDBU” and the shares of Class A common stock and warrants that are separated will trade on the Nasdaq under the symbols “XPDB” and “XPDBW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Unitholders will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.

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