Davis Polk advised the underwriters in connection with the initial public offering of 51,750,000 units of Trebia Acquisition Corp., including 6,750,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $517.5 million. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one Class A ordinary share of Trebia Acquisition Corp. The Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “TREB” and “TREB.WS,” respectively.

Trebia Acquisition Corp. is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Trebia Acquisition Corp. is not limited to a particular industry or geographic region for purposes of completing a business combination, the company intends to focus on industries that complement its sponsors’ and management team’s background in financial services, technology, software, data, analytics, services and related areas.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associate Eryn E. Gordon. The tax team included partner William A. Curran. 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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