We advised the underwriters on the IPO

Davis Polk advised the representative of the underwriters in connection with the initial public offering of 20,000,000 units of RMG ML Sports Holdings, for aggregate proceeds of $200 million. Each unit consists of one Class A ordinary share and one right entitling the holder to receive one-eighth of one Class A Ordinary Share. The units are listed on the Nasdaq Global Market under the symbol “SHOTU.”

RMG ML Sports Holdings is a public acquisition vehicle and intends to target opportunities in the global sports industry and adjacent sectors including, but not limited to, entertainment, eSports, gaming, music publishing and real estate development, focused on stadiums and venues. It intends to capitalize on the investment and operational experience of its management team, as well as its affiliation with Riverside Management Group.

The Davis Polk capital markets team included partner Derek Dostal and associate Sean Kennelly. The tax team included counsel Ziyuan (Constance) Zhang and associate David J. Beer. 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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