TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo June 15, 2021 Erik Anderson Chief Executive Officer Decarbonization Plus Acquisition Corp 2744 Sand Hill Road Suite 100 Menlo Park. CA 94025 Re: Decarbonization Plus Acquisition Corp Revised Preliminary Proxy Statement on Schedule 14A Filed March 17, 2021 File No. 001-39632 Dear Mr. Anderson: We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Revised Preliminary Proxy Statement on Schedule 14A Unaudited Pro Forma Condensed Combined Financial Information, page 63 1. We note your response to prior comment 2, including the additional disclosures you provided in note 3(I) and note 5 and your determination that the Earnout Shares will be classified as liabilities. Please revise note 5 to more fully explain your subsequent accounting for the Earnout shares and provide a sensitivity analysis that quantifies the impact of a potential change in the per share market price of the post combination company s common stock would have on the pro forma financial statements. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Erik Anderson Decarbonization Plus Acquisition Corp June 15, 2021 Page 2 You may contact Andi Carpenter at 202-551-3645 or Anne McConnell at 202-551-3709 if you have questions regarding comments on the financial statements and related matters. Please contact Perry Hindin at 202-551-3444 or Jay Ingram at 202-551-3397 with any other questions. FirstName LastNameErik Anderson Sincerely, Comapany NameDecarbonization Plus Acquisition Corp Division of Corporation Finance June 15, 2021 Page 2 Office of Manufacturing FirstName LastName