We advised the joint bookrunners on the SPAC IPO and Nasdaq listing

Davis Polk advised the joint bookrunners, in connection with the $345 million initial public offering of 34,500,000 units of Poema Global Holdings Corp., which includes 4,500,000 units from the full exercise of the underwriters’ over-allotment option to purchase additional units. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of the company. The units were listed on the Nasdaq Capital Market under the symbol “PPGH.U.”

Poema Global Holdings Corp. is a special purpose acquisition company (SPAC) founded by Princeville Capital. The company was 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. While the company may pursue a business combination in any industry, it intends to focus its search for a business that would benefit from the founders’ experience acquiring and operating businesses in the technology sector and related sectors.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Gil Savir and Shay Moyal. The tax team included counsel Kiara L. Rankin and associate Talya Presser. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office. 

 

Copy link to share post