We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 34,500,000 units of Post Holdings Partnering Corporation, including 4,500,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $345 million. Each units consists of one share of Series A common stock and one-third of one warrant to purchase one share of Series A common stock of Post Holdings Partnering Corporation. The units were listed on the New York Stock Exchange under the symbol “PSPC.U.”

Post Holdings Partnering Corporation is a newly organized special purpose acquisition company (SPAC) established for the purpose of identifying a company to partner with in order to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization or similar partnering transaction with one or more businesses. While Post Holdings Partnering Corporation is not limited to a particular industry or geographic region, given the experience of its management team, its partnering transaction and value creation strategy is to identify and build a company in partnership with a company, its management team and existing owners.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Rahul K. Patel and Jordyn Giannone. The tax team included partner Lucy W. Farr and associate Aliza Slansky. 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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