Freedom Acquisition I $345 million IPO
Davis Polk advised Freedom Acquisition I Corp. on its $345 million initial public offering of 34,500,000 units, including 4,500,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option. Each unit had an initial offering price of $10 and consists of one Class A ordinary share and one-fourth of one redeemable warrant. The units, the shares and the warrants are listed on the New York Stock Exchange.
Freedom Acquisition I Corp. is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting a business combination with one or more businesses. Freedom Acquisition I Corporation has not yet selected any specific business combination target, and intends to pursue a target in the financial services sector.
The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Pedro J. Bermeo and associates Stephen A. Byeff, Dennis Chu and Caroline G. Armstrong. The tax team included counsel Kiara L. Rankin and associate Erin van Wesenbeeck. All members of the Davis Polk team are based in the New York office.