Roman DBDR Acquisition Corp. II, a special purpose acquisition company listed on Nasdaq, added Randolph C. Read to its board of directors on April 28, 2026. Read replaces former director Jim Nevel and joins the board as the SPAC moves toward completing its planned business combination with ThomasLloyd Climate Solutions B.V. The appointment is part of the SPAC’s strategy to strengthen governance and bring additional expertise to the transaction process.
ThomasLloyd Climate Solutions is a vertically integrated provider of sustainable energy and technology solutions, with operations spanning renewable power generation, transmission and distribution infrastructure, sustainable fuels production, and water and waste treatment. The two‑party agreement, signed on February 27, 2026, values ThomasLloyd at $850 million and is expected to close in the third quarter of 2026, pending regulatory and shareholder approvals. The deal represents the core of Roman DBDR’s business plan, as the SPAC must complete a combination within its 24‑month deadline that ends on December 13, 2026.
Roman DBDR has not yet generated operating revenue, but its financial statements show net income of $7.737 million for the year ended December 31, 2025, largely driven by interest income and the costs of maintaining a public‑company structure. For the six‑month period July 25, 2024 to December 31, 2024, net income was $0.223 million. The company also received a Nasdaq deficiency notice for delayed filings, with a compliance plan deadline of October 27, 2025 and a possible extension to February 16, 2026.
Chairman and CEO Dixon Doll, Jr. said the appointment would strengthen governance and bring expertise to the transaction process, while Read expressed enthusiasm about the ThomasLloyd combination and its potential to address the global energy transition.
The addition of Read to the board signals Roman DBDR’s commitment to executing the ThomasLloyd deal and underscores the importance of experienced oversight in navigating the complex regulatory, financial, and operational aspects of a large sustainable‑energy transaction. If the combination closes as scheduled, the SPAC will transform from a shell company into a publicly traded entity focused on climate‑aligned infrastructure and technology.
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