We advised the book-running manager on the SPAC IPO and Nasdaq listing

Davis Polk advised the sole book-running manager in connection with the $175 million initial public offering of 17,500,000 units of Kadem Sustainable Impact Corporation. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary share of Kadem Sustainable Impact Corporation. The units were listed on the Nasdaq Capital Market under the symbol “KSICU.”

Kadem Sustainable Impact Corporation is a newly organized, special purpose acquisition company (SPAC) 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. Kadem Sustainable Impact Corporation intends to focus its search for a target business in the electric vehicle, energy storage and distribution and enabling mobility technologies ecosystem.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Gil Savir and Prince Kudolo. The tax team included counsel Kiara L. Rankin. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.