We advised the underwriters on the SPAC IPO and Nasdaq listing

Davis Polk advised the underwriters in connection with the initial public offering of 27,600,000 units of Thimble Point Acquisition Corp., for aggregate proceeds of $276 million. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one Class A ordinary share of Thimble Point Acquisition Corp. The units were listed on the Nasdaq Capital Market under the symbol “THMAU”.

Thimble Point Acquisition Corp., led by Elon S. Boms, Steven J. Benson, Joseph Iannotta and other senior professionals, is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Thimble Point Acquisition Corp. intends to focus on high-growth software and technology-enabled companies that are disrupting large and established industries and markets.

The Davis Polk corporate team included partner Derek Dostal and associate Arisa Akashi. The tax team included counsel Kiara L. Rankin and associate Daniel L. Jose. 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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