Alpha Capital Acquisition’s $230 Million Initial Public Offering

Davis Polk advised Alpha Capital Acquisition Company on the deal. Shearman & Sterling advised Citigroup Inc. and BofA Securities, Inc. acting as initial purchasers on the offering.Alpha Capital Acquisition Company executed its $230 million initial public offering of 23,000,000 units. Each unit had an initial offering price of $10.00 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. The units include 3,000,000 units purchased pursuant to the full exercise of the underwriters’ over-allotment option.

The company is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to seek a business combination with a Latin American-focused technology business.

The Davis Polk capital markets team included partners Derek Dostal (Picture) and Manuel Garciadiaz, counsel Elliot M. de Carvalho and associate Amber Leary. The M&A team included partner Daniel Brass and associate Malik M. Khalil. The tax team included counsel Ethan R. Goldman and associate Joseph M. Gerstel.

Shearman & Sterling adviseed Citigroup Inc. and BofA Securities, Inc. with William Nelson, Ilir Mujalovic, Laurence (Larry) Crouch, Jennifer Morton, Maria Marulanda Larsen. Asociados Stephen McNamara, Daniel (Ki Won) Moon, Stella (Xinyan) Sun, Austin Jones, P. Sean Kelly and Taylor Pugliese.

Involved fees earner: Daniel Brass – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Joseph Gerstel – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Malik Khalil – Davis Polk & Wardwell; Amber Leary – Davis Polk & Wardwell; Laurence Crouch – Shearman & Sterling; Austin Jones – Shearman & Sterling; Sean Kelly – Shearman & Sterling; Maria Marulanda Larsen – Shearman & Sterling; Stephen McNamara – Shearman & Sterling; Jennifer Morton – Shearman & Sterling; Ilir Mujalovic – Shearman & Sterling; Bill Nelson – Shearman & Sterling; Taylor Pugliese – Shearman & Sterling;

Law Firms: Davis Polk & Wardwell; Shearman & Sterling;

Clients: Alpha Capital Acquisition Company; Bank of America Securities; Citigroup Global Markets Ltd;

Author: Martina Bellini