Alpha Partners Technology Merger $250 million IPO
Davis Polk advised Alpha Partners Technology Merger Corp. on its $250 million initial public offering of 25,000,000 units. Each unit had an initial offering price of $10 and consists of one Class A ordinary share and one-third of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market.
Alpha Partners Technology Merger Corp. is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting an initial business combination, and intends to identify and acquire a technology business which addresses large and acute market needs or pain-points via the application of software or technology-enabled business models. The company intends to pay particularly close attention to businesses which are powered by long-term secular trends and which are able to thrive regardless of market cycle by virtue of the unique utility they provide to their users.
The Davis Polk corporate team included partners Derek Dostal and Leonard Kreynin and associates Jamie Kurtz and Chad Howard. The tax team included partner Michael Farber and associate Yixuan Long. The executive compensation team included partner Adam Kaminsky and associate Charlotte R. Fabiani. Members of the Davis Polk team are based in the New York and Washington DC offices.