Proposed Settlement of Stockholder Class Action for DECARB Investors Announced

Proposed Settlement of Class Action for DECARB Investors

Introduction
Robbins Geller Rudman & Dowd LLP, Robbins LLP, and Andrews & Springer LLC have announced a significant development for all individuals who held shares of Decarbonization Plus Acquisition Corporation (known as DECARB) Class A Common Stock as of the redemption deadline on July 13, 2021. It involves a notice of pendency and a proposed settlement related to a stockholder class action. This case comes at a pivotal time as it addresses important issues concerning investors' rights and potential financial compensation for affected shareholders.

Details of the Notice
On July 16, 2025, a notice was filed in the Court of Chancery of the State of Delaware, indicating that a class action for stockholders has been preliminarily certified. This certification encompasses all holders of DECARB shares who did not redeem all their stock before the aforementioned deadline. The potential settlement acknowledges the challenges that shareholders faced in the aftermath of various developments concerning DECARB.

The stipulation of settlement suggests an agreement between the plaintiffs and the settling defendants, totaling $8.8 million in cash. This settlement aims to resolve all claims against the settling parties while providing a path forward for those involved in the class action.

Hearing
An important aspect of this notice is the scheduling of a hearing on October 3, 2025, at 9:15 AM, presided over by Vice Chancellor Paul A. Fioravanti Jr. This hearing serves several purposes:
1. To determine if final certification of the class is appropriate.
2. To ascertain whether the plaintiff has adequately represented the class.
3. To review if the proposed settlement is fair and reasonable.
4. To evaluate the proposed plan for allocating the net settlement fund.
5. To discuss any objections concerning the settlement.

This hearing provides an opportunity for class members to voice their concerns and opinions regarding the settlement. The importance of stakeholder engagement cannot be understated, especially as the outcome affects a broad base of investors.

What Affected Shareholders Should Know
For individuals who held DECARB stock that was not redeemed by July 13, 2021, this settlement could be a significant development in their financial journey. Class members are encouraged to ensure they are part of the settlement process to make claims and potentially benefit from the resolution of this class action.

If you have not received a detailed notice or a proof of claim form, it's crucial to take action. All details, including the settlement administrator's contact information, can be found at www.DCRBSpacSettlement.com. Claims must be submitted online by October 14, 2025, to ensure participation in distribution from the net settlement fund.

The Class Definition
The class defined for this action is considered a non-opt-out class under the court's rules. This means all class members will be bound by any judgment entered, emphasizing the importance of understanding and participating in the settlement process. Any objections to the proposed settlement must be submitted to the appropriate court officials by September 19, 2025, ensuring that voices of dissent are heard.

Conclusion
As the legal proceedings move forward, affected shareholders should remain informed and proactive about their rights and participation in this case. The proposed settlement presents an opportunity for financial recovery and closure for many investors. Keeping abreast of upcoming hearings and deadlines will be essential for all parties involved. Legal advisors may also provide tailored guidance for individuals navigating this intricate process.

In conclusion, the notice of pendency and proposed settlement concerning DECARB shares signify an important phase in ongoing legal discussions concerning investor rights and corporate governance issues. The upcoming hearing will undoubtedly be a pivotal moment for all parties involved, particularly for the shareholders who feel the impact of the outcomes most directly.