Agriculture & Natural Solutions Acquisition $345 million IPO
The SPAC’s units are listed on the Nasdaq Global Market
Davis Polk advised the underwriter in connection with the $345 million initial public offering of 34,500,000 units of Agriculture & Natural Solutions Acquisition Corporation. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of Agriculture & Natural Solutions Acquisition Corporation. The offering included 4,500,000 units purchased pursuant to the underwriter’s full exercise of its over-allotment option. The units were listed on the Nasdaq Global Market under the symbol “ANSCU.”
Agriculture & Natural Solutions Acquisition Corporation is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more target businesses. Agriculture & Natural Solutions Acquisition Corporation intends to capitalize on the Riverstone and Impact Ag platforms to identify, acquire and operate a business in the agriculture sector that may provide opportunities for attractive risk-adjusted returns and benefit from sustainability objectives.
The Davis Polk corporate team included partner Derek Dostal and associate Christopher Piazza. The tax team included partner Kara L. Mungovan and associates Albert Park and Yueyu Yang. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.