Davis Polk advised Disruptive Acquisition Corporation I on its $250 million initial public offering of 25,000,000 units and formation of its Athlete Advisory Council. Each unit had an initial offering price of $10 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 Stock Market LLC.
Disruptive Acquisition Corporation I is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting a business combination with one or more businesses. The company has not yet selected any specific business combination target but initially intends to focus on businesses in the health and wellness, entertainment and consumer-facing technology sectors. Disruptive Acquisition Corporation I will be assisted in identifying a potential business combination by its Athlete Advisory Council, a group of elite athletes across a range of professional sports and geographies. The council’s current members include Justin Verlander, Naomi Osaka, Patrick Mahomes, Robert Lewandowski and Saul “Canelo” Álvarez.
The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Derek Dostal, counsel Jeffrey S. Ramsay and associates Jakub P. Jozwiak and Michael McGuire. Partners Marc O. Williams and Lee Hochbaum and associate Daisy Wu provided mergers and acquisitions advice. The tax team included partner Michael Farber and associate Daniel L. Jose. All members of the Davis Polk team are based in the New York office.