We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the underwriters in connection with the initial public offering of 80,000,000 units of FTAC Hera Acquisition Corp., for aggregate proceeds of $800 million. Each unit consists of one Class A ordinary share and one-fourth of one warrant to purchase one Class A ordinary share of FTAC Hera Acquisition Corp. The Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols “HERA” and “HERAW”, respectively.

FTAC Hera Acquisition Corp. is a special purpose acquisition company (SPAC) whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses or entities. Although FTAC Hera Acquisition Corp. is not limited to a particular industry or geographic region for purposes of consummating a business combination, the company intends to focus on technology and financial services technology, or fintech, companies that power transformation and innovation.

The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Derek Dostal, counsel Alain Kuyumjian and associate Yushen Liu. The tax team included counsel Ethan R. Goldman and associate Ben Levenback. 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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