ArentFox Schiff is representing TruGolf, Inc., a leading golf simulator manufacturer and distributor, in its announced merger with Deep Medicine Acquisition Corp. (NASDAQ: DMAQ), a publicly traded special purpose acquisition company.
The Inflation Reduction Act of 2022, which was signed into law on August 16, 2022, enacted a new 1% excise tax on certain repurchases of the stock of publicly traded corporations, codified in Section 4501 of the Internal Revenue Code of 1986 (the Excise Tax).
On March 30, 2022, the US Securities and Exchange Commission, in a three-to-one vote of its commissioners divided along political lines, approved the issuance of proposed rules regarding special purpose acquisition companies.
We represented Global Blockchain Acquisition Corp. on its initial public offering of 15,000,000 units at a price to the public of $10.00 per unit. The offering closed May 12, 2022.
We represented Maxim Group LLC, as managing underwriter of a $185 million initial public offering for A SPACII Acquisition Corp. The offering consists of 18,500,000 units at a price of $10.00 per unit. The offering closed on May 5, 2022.
ArentFox Schiff LLP represented The Benchmark Company, LLC as underwriter in Tenon Medical, Inc.’s initial public offering. The $16 million IPO closed on April 29, 2022.
Schiff Hardin LLP advised I-Bankers Securities, Inc., the managing underwriter of AXIOS Sustainable Growth Acquisition Corporation in AXIOS’ initial public offering of 15,000,000 units, which will result in gross proceeds to AXIOS of $150 million.
Arent Fox served as legal counsel to Sports Ventures Acquisition Corp (Nasdaq: AKIC), a publicly-traded special purpose acquisition company (SPAC), in its definitive business combination agreement with DNEG.
Schiff Hardin LLP served as underwriter’s counsel for Canna-Global Acquisition Corp.’s initial public offering of $200 million, which closed on Dec. 2, 2021.
Schiff Hardin LLP served as underwriter’s counsel for Deep Medicine Acquisition Corp.’s upsized initial public offering raising gross proceeds of $126.5 million.
Schiff Hardin LLP guided SportsMap Tech Acquisition Corp., a Houston-based special purpose acquisition company focused on transactions in the sports tech space, in its $115 million initial public offering.
Schiff Hardin LLP acted as counsel to Good Works II Acquisition Corp. in its initial public offering of 23,000,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price to the public of $10 per unit.
Schiff Hardin LLP advised Maxim Group, LLC on Blue Safari Group Acquisition Corp.’s $50 million initial public offering of 5 million units at $10 per unit.
Schiff Hardin LLP advised Maxim Group, LLC as underwriter in Model Performance Acquisition Corp.’s Nasdaq initial public offering of 5 million units at $10 per unit.
Schiff Hardin advised Isleworth Healthcare Acquisition Corp. in connection with its initial public offering of 20,700,000 units at a price to the public of $10.00 per unit.
Schiff Hardin LLP advised I-Bankers Securities, Inc. as managing underwriter in GreenVision Acquisition Corp.’s initial public offering of 5 million shares, raising $50 million with an over-allotment option of $7.5 million.
Schiff Hardin LLP advised I-Bankers Securities, Inc. as managing underwriter in Proficient Alpha Acquisition Corp.’s initial public offering of 10 million shares, raising $100 million with an over-allotment option of $15 million.