Valor Latitude $200 million IPO
Davis Polk advised Valor Latitude Acquisition Corp. on its $200 million initial public offering of 20,000,000 units. Each unit had an initial offering price of $10.00 and consists of one Class A ordinary share and one-third of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market.
The company is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to seek a business combination with a Latin American-focused technology business.
The Davis Polk capital markets team included partners Derek Dostal and Manuel Garciadiaz, counsel Elliot M. de Carvalho and associate Sophy Ma. The M&A team included associate Malik M. Khalil. The tax team included partner Mario J. Verdolini and associate Daniel L. Jose. The investment management team included associate Matthew R. Silver. The executive compensation team included partner Adam Kaminsky and associate Kathleen Ginder. Members of the Davis Polk team are based in the New York, São Paulo and Washington DC offices.