Turmeric Acquisition Corp.’s $97.75 Million Initial Public Offering


Davis Polk advised the joint book-running managers in the offering.

Turmeric Acquisition Corp. executed the $97.75 million initial public offering of 9,775,000 units, which includes 1,275,000 units from the full exercise of the underwriters’ over-allotment option to purchase additional units. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant to purchase one Class A ordinary share of Turmeric Acquisition Corp. The units were listed on the Nasdaq Stock Market under the symbol “TMPMU.”

Turmeric Acquisition Corp. is a special purpose acquisition company (SPAC) formed for the purpose of entering into a combination with one or more businesses. It intends to pursue a high potential opportunity within the biotechnology sector.

The Davis Polk corporate team advised Credit Suisse Securities (USA) LLC, as representative of the underwriter, included partners Derek Dostal (Picture) and Deanna L. Kirkpatrick and associates Gil Savir, Daniel Chao and Cory Bettel. Counsel Marcie A. Goldstein provided FINRA advice. Partner Michael Farber and associate Daniel L. Jose provided tax advice.

Involved fees earner: Cory Bettel – Davis Polk & Wardwell; Daniel Chao – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Gil Savir – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Credit Suisse Securities (USA) LLC;

Author: Ambrogio Visconti