Davis Polk advised Silver Spike Acquisition Corp. on its $250 million initial public offering of 25,000,000 units. Each unit had an initial offering price of $10 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.
Silver Spike Acquisition Corp. is a newly incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Silver Spike Acquisition Corp. intends to focus its search for businesses in the cannabis industry that are compliant with all applicable laws and regulations within the jurisdictions in which they are located or operate.
The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Derek Dostal and associates Roderick G. Miller and Rahul K. Patel. The tax team included partner William A. Curran and associates Elina Khodorkovsky and Tomislava Dragicevic. All members of the Davis Polk team are based in the New York office.