Vinson & Elkins advised Black Mountain Acquisition Corp. in an upsized initial public offering of 24,000,000 units at a price of $10.00 per unit.
Vinson & Elkins advised TradeZero Holding Corp. in an agreement with Dune Acquisition Corporation, a special purpose acquisition company, for a business combination that would result in TradeZero becoming a publicly listed company.
Vinson & Elkins advised Live Oak Crestview Climate Acquisition Corp., a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in connection with the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
Vinson & Elkins advised TPG Pace Tech Opportunities, a publicly traded special purpose acquisition company, in connection with its business combination with Nerdy, a leading platform for delivering live online learning.
Vinson & Elkins advised Banner Acquisition Corp. in connection with its initial public offering 15,000,000 units at a price of $10.00 per unit.
Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company Act of 1940, because proceeds from their initial public offerings are invested in short-term treasuries and qualifying money market funds.
Vinson & Elkins advised First Reserve Sustainable Growth Corp. in a business combination agreement with Juuce Limited, which trades as EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle fleets, that would result in EO becoming a publicly listed company.
Vinson & Elkins advised Spartan Acquisition Corp. III, a publicly-listed special purpose acquisition company, in a business combination with Allego Holding B.V., a leading pan-European electric vehicle charging network.
Vinson & Elkins has been named Energy & Projects Law Firm of the Year by Chambers USA. The Chambers editors noted V&E’s strategic growth also played a part in winning the award. In February, the firm enhanced its Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team.
Vinson & Elkins advised Decarbonization Plus Acquisition Corporation II, a special purpose acquisition company sponsored by an affiliate of Riverstone Holdings LLC, in a definitive agreement for a business combination with Tritium, a Brisbane-based developer and manufacturer of direct current fast chargers for electric vehicles, that would result in Tritium becoming a publicly listed company. Tritium is valued at $1.2 billion in connection with the transaction.
Vinson & Elkins represented Switchback II Corporation, a publicly traded special purpose acquisition company with a strategic focus on the energy transition sector, in a definitive business combination agreement with Bird Rides, Inc. (“Bird”), a leader in shared short range environmentally friendly electric transportation, that would make Bird a public company.
Vinson & Elkins advised certain stockholders of Ginkgo Bioworks, Inc. (“Ginkgo”), including Viking Global Investors, in connection with a business combination agreement between Ginkgo, which is building the leading horizontal platform for synthetic biology, and Soaring Eagle Acquisition Corp., a publicly traded special purpose acquisition company, that will result in Ginkgo becoming a publicly-listed company.