We advised the underwriter on the SPAC IPO and Nasdaq listing

Davis Polk advised the underwriter in connection with the initial public offering of 20,000,000 units of Frontier Investment Corp., for aggregate proceeds of $200 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant to purchase one Class A ordinary share of Frontier Investment Corp. The units were listed on the Nasdaq under the symbol “FICVU.” 

Frontier Investment Corp. is a newly organized, special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Frontier Investment Corp. intends to focus its search on a target with business operations or prospective operations in the technology, digital media, e-commerce, financial technology or digital services sectors (which it refers to as the “new economy sectors”) across the high-growth markets of the Middle East, North Africa and Turkey, Sub-Saharan Africa, South Asia and Southeast Asia, but may pursue an acquisition or a business combination target in any business, industry or geography.

The Davis Polk corporate team included partner Leo Borchardt and associate Maxim Van de moortel. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Counsel Marcie A. Goldstein provided FINRA advice.  Members of the Davis Polk team are based in the London and New York offices.

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