March 31, 2021
Cadwalader advised two, a newly-organized special purpose acquisition company (SPAC) led by technology industry veteran Kevin Hartz, in its listing and $200 million initial public offering on the New York Stock Exchange.
Mr. Hartz is the co-founder and former CEO of Eventbrite (NYSE:EB) and co-founder and former CEO of Xoom, a money transfer company acquired by PayPal for $1.1 billion, as well as an early investor in companies including Trulia, AirBnB, Pinterest and Uber.
two is the second SPAC sponsored by A-Star Investments and its first to price without any warrant coverage. A-Star Investments is an investment fund formed by Mr. Hartz, two co-CEO Gautam Gupta and two CFO Troy B. Steckenrider III that is focused on partnering with founders, operators and entrepreneurs in the technology industry, or “Innovation Economy.”
Cadwalader is advising one, the team’s first SPAC, in its pending $2.1 billion merger with Markforged, Inc., a leader in advanced additive manufacturing, that is expected to close in July 2021. Cadwalader is also advising A-Star in developing its fund structure and in connection with its future investments.
The Cadwalader team was led by Corporate partners Stephen Fraidin and Gregory P. Patti, Jr. and Corporate associate Niral Shah, assisted by Corporate associates Frank Bozzi, Monica Lindsay and Andrew Rivera.
our latest insights on the impact of COVID-19 to help you navigate this unprecedented environment.
Patrick Quinn and Ruth Merisier discuss the legal profession, working at Cadwalader, and more.
Selections to the Lawdragon 500 are limited to no more than 500 lawyers in the country.
Our latest podcast covers the legacy of the “Car Wash” investigation and how Brazil fits into the global landscape of white-collar crime enforcement.