Disruptive Acquisition Corporation I’s $250 Million Initial Public Offering

Davis Polk advised Disruptive Acquisition Corporation I on the deal.

Disruptive Acquisition Corporation I executed its $250 million initial public offering of 25,000,000 units and formation of its Athlete Advisory Council. Each unit had an initial offering price of $10 and consists of one Class A ordinary share and one-third of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Stock Market LLC. 

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. acted as joint book-running managers of the offering.

Disruptive Acquisition Corporation I is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting a business combination with one or more businesses. The company has not yet selected any specific business combination target but initially intends to focus on businesses in the health and wellness, entertainment and consumer-facing technology sectors. Disruptive Acquisition Corporation I will be assisted in identifying a potential business combination by its Athlete Advisory Council, a group of elite athletes across a range of professional sports and geographies. The council’s current members include Justin Verlander, Naomi Osaka, Patrick Mahomes, Robert Lewandowski and Saul “Canelo” Álvarez.

The Davis Polk corporate team included partners Deanna L. Kirkpatrick (Picture) and Derek Dostal, counsel Jeffrey S. Ramsay and associates Jakub P. Jozwiak and Michael McGuire. Partners Marc O. Williams and Lee Hochbaum and associate Daisy Wu provided mergers and acquisitions advice. The tax team included partner Michael Farber and associate Daniel L. Jose. 

Involved fees earner: Derek Dostal – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Lee Hochbaum – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Jakub Jozwiak – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Michael McGuire – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Marc Williams – Davis Polk & Wardwell; Daisy Wu – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Disruptive Acquisition Corporation I;

Author: Martina Bellini