Davis Polk advised the sole book runner in connection with the initial public offering of 12,500,000 units of Yellowstone Acquisition Company for aggregate proceeds of $125 million. Each unit consists of one share of Class A common stock and one-half of one warrant to purchase one share of Class A common stock of Yellowstone Acquisition Company. The units were listed on the Nasdaq Stock Market Exchange under the symbol “YSACU.” The company has granted the underwriters a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.

Yellowstone Acquisition Company, incorporated in Delaware, is a special purpose acquisition company (SPAC) whose business purpose of which is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although Yellowstone Acquisition Company is not limited to a particular industry or geographic region for purposes of consummating a business combination, it intends to focus on identifying a prospective target business in the homebuilding, manufacturing serving the homebuilding market, financial services and commercial real estate industries in the United States.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Elliot M. de Carvalho and Yushen Liu. The tax team included partner Lucy W. Farr and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and São Paulo offices.

Copy link to share post