TradeZero to Become Publicly Traded Company Through Business Combination With Dune Acquisition Corporation
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.
Under the terms of the proposed business combination, Dune will merge with TradeZero at a pro forma combined enterprise value of approximately $556 million and equity value of $716 million. TradeZero offers a next-generation trading platform targeting the global active trader community through its U.S. and Bahamas based broker-dealers.
The V&E team was led by partners Benji Barron and Sarah Morgan and associate Sang Lee. Also advising were partner Mike Telle, senior associate Bo Shi and associates Victoria Bahrami-Negad, Shane Copelin, and Chloe Schmergel; partner David D’Alessandro, counsel Dario Mendoza and associate Maddison Riddick; partners Jason McIntosh and John Lynch and associates Curt Wimberly and Lauren Nieman; partner Sean Becker and associate Peter Goetschel; partner Devika Kornbacher and associate Marcus Martinez; and counsel Christy Mazzola and Hal Taylor, senior associate Stephanie Felix and associate Vesna Naidoo-Chinsammy.
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