Rimon’s Special Purpose Acquisition Company (SPAC) professionals utilize their capital markets, M&A, private equity, public company, securities and tax experience to deliver full-service advice and representation to SPACs, their sponsors, target companies, underwriters, and related M&A participants in initial public offerings (IPOs), including on Nasdaq, NYSE, and other major stock markets, as well as in subsequent business combinations (de-SPACs) and acquisitions, and with PIPEs, SEPAs, and more.

We leverage our thorough understanding of SPACs and significant transactional experience with a multitude of de-SPAC transactions, and domestic and cross-border transaction structures, to guide companies and investors through the complete SPAC lifecycle from due diligence to corporate governance for new publicly-traded companies.

We regularly counsel our SPAC clients on industry-specific knowledge and related practice expertise to provide counsel on employment, pension, regulatory, privacy, data, tax, ERISA, CFIUS, real estate and other areas arising in a de-SPAC transaction in the United States and abroad including de-SPAC transactions in Australia, England, Wales, Singapore, Malaysia, Hong Kong, India, China and beyond.

Selected Experience:

• Representation of Allrites Holdings Pte, a Singaporean film and television content rights marketplace, in its de-SPAC transaction with Aura FAT Projects Acquisition Corp that will give Allrites a pro forma enterprise value of $92 million.
• Representation of OneMedNet Corp. in its de-SPAC transaction with Data Knights Acquisition Corp.
• Representation of Energem Corp. in its de-SPAC transaction with Graphjet Technologies, owner of state-of-the-art technology to manufacture graphene and graphite used in advanced applications including batteries for EV and power storage, at a pro forma enterprise value of $1.49 billion.
• Representation of Australian Oilseeds Pty. Ltd. in its de-SPAC transaction with EDOC Acquisition Group.
• Representation of Pono Capital Corporation, a Japan-based, healthcare industry SPAC, in relation to its 10-million-unit IPO at $10 per unit.
• Representation of India Globalization Capital, Inc., a SPAC, in its acquisition of 100% of the equity interests of H&F Ironman Limited, a Hong Kong Company. The Rimon team drafted the proxy statement and advised the clients on all securities law aspects on the SPAC acquisition.
• Representation of ModuleX Modular Buildings, Plc., a UK-based, globally focused “ConstrucTech” manufacturer of modular buildings and PHP Ventures Acquisition Corp with a projected post-transaction equity market capitalization of $723 million.
• Representation of Malaysia-based sponsors, both subsidiaries of AEI Capital Ltd., advised by the European Credit Investment Bank in the formation of two SPACs focused on the e-commerce industry.
• Representation of the sponsor, Canna-Global Acquisition Corp., in the formation of a $200 million SPAC focused on the cannabis industry.
• Representation of a Singapore-based sponsor, Golden Ventures Acquisition Corp., in the formation of a SPAC.
• Representation of a Malaysia-based sponsor, Energem Corp., in the formation and listing of a $100 million SPAC.
• Representation of  Mobiv Acquisition Corp (NASDAQ: MOBV) in connection with $87 million initial public offering of 8,700,000 units to fund a business combination with a target business in the electric vehicle and urban “smart” mobility industry.
• Drafting and negotiating CEO and CFO employment agreements, severance terms, and incentive awards, following a de-SPAC transaction.

Rimon Attorneys With Expertise in Special Purpose Acquisition Companies Include:

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  Debbie A. Klis

  Private Investment Funds, Securities and Capital Markets, Fund Formation, Regulatory, Compliance & Corporate Governance, Special Purpose Acquisition Companies

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  Carl Sherer

  Mergers and Acquisitions, Securities and Capital Markets, Israel, Special Purpose Acquisition Companies, Banking and Financial Services, Corporate and Business Transactions, Emerging Companies and Venture Capital, CFIUS/National Security

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  Steven J. Toy

  Private Equity, Corporate and Business Transactions, Mergers and Acquisitions, Special Purpose Acquisition Companies

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  Victoria Yang

  China, Corporate and Business Transactions, Emerging Companies and Venture Capital, Immigration Law, Mergers and Acquisitions, Securities and Capital Markets, Special Purpose Acquisition Companies