Davis Polk advised Tuatara Capital Acquisition Corporation on its $200 million initial public offering of 20,000,000 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.
Tuatara Capital Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting a business combination with one or more businesses, and intends to focus its search for businesses in the cannabis industry that are compliant with all applicable laws and regulations.
The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Meaghan Kennedy and Caroline G. Armstrong. The tax team included partner William A. Curran and associates Ariel David Siman and Shay Moyal. All members of the Davis Polk team are based in the New York office.