Davis Polk advised Alpha Capital Acquisition Company on its $230 million initial public offering of 23,000,000 units. Each unit had an initial offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market. The units include 3,000,000 units purchased pursuant to the full exercise of the underwriters’ over-allotment option.
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 Amber Leary. The M&A team included partner Daniel Brass and associate Malik M. Khalil. The tax team included counsel Ethan R. Goldman and associate Joseph M. Gerstel. Members of the Davis Polk team are based in the New York and São Paulo offices.