We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 25,000,000 units of SILVERspac, Inc. Each unit had an initial offering price of $10 and consists of one share of Class A ordinary share and one-third of one redeemable warrant. The units were listed on the Nasdaq Stock Market LLC under the symbol “SLVRU.”

SILVERspac, Inc. is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. SILVERspac intends to focus its search for prospective targets on the real estate and financial services industries, broadly referred to as the “PropTech” and “FinTech” sectors.

The Davis Polk corporate team included partners Derek Dostal and Stephen Salmon and associate Alex DeGroat. The tax team included partner Ethan R. Goldman and associate Benjamin Helfgott. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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