Davis Polk advised the sole book runner, in connection with the initial public offering of 41,400,000 units of Equity Distribution Acquisition Corp., including 5,400,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $414 million. Each unit consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock of Equity Distribution Acquisition Corp. The units were listed on the New York Stock Exchange under the symbol “EQD.U.”

Equity Distribution Acquisition Corp. is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Equity Distribution Acquisition Corp. is not limited to a particular industry for purposes of consummating a business combination, it intends to focus on identifying a prospective target business in North America within the industrial sector with a particular focus on companies providing technology-enabled solutions in industrial and industrial distribution markets.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Claudia Carvajal Lopez and Joshua B. Pittell. The tax team included partner Michael Farber and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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