We advised the underwriters on the IPO

Davis Polk advised the representative of the underwriters in connection with the initial public offering of 25,000,000 units of Averin Capital Acquisition Corp., for aggregate proceeds of $250 million. Each unit consists of one Class A ordinary share and one-sixth of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share. The units were listed on the Nasdaq Capital Market under the symbol “ACAAU.”

Averin Capital Acquisition Corp., led by David A. Berry, its Chairman and Chief Executive Officer, and Alex Lau, its Chief Financial Officer and Secretary, is a blank check company formed for the purpose of effecting a business combination with one or more businesses. It may pursue an acquisition opportunity in any business or industry but expects to focus on a target in technology and health industries. Averin Capital Acquisition Corp. is sponsored by Averin Capital Acquisition Sponsor LLC, an affiliate of Averin Capital. Averin Capital is a company creation and multi-stage investment firm focused on transformative technologies at the intersection of health and technology.

The Davis Polk corporate team included partners Derek Dostal and Yasin Keshvargar and associate Sean Kennelly. The tax team included counsel Yixuan Long and associates Alanna Phillips and Summer Elbardissy. 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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