Davis Polk advised the underwriter in connection with the initial public offering of 30,000,000 units of Sustainable Opportunities Acquisition Corp. for aggregate proceeds of $300 million. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of Sustainable Opportunities Acquisition Corp. The units were listed on the NYSE under the symbol “SOAC.U.”

Sustainable Opportunities Acquisition Corp., led by Scott Leonard and Scott Honour of Northern Pacific Group, is a special purpose acquisition company formed for the purpose of entering into a business combination with one or more businesses. The company is focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from the founders’ and management team’s commitment and expertise in executing such practices.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Sana Bargach and Yushen Liu. The tax team included partner William A. Curran and associate Eitan Ulmer. 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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