Lifeline SPAC I’s €100 Million Initial Public Offering

Krogerus advised Carnegie and Danske Bank on the deal. Borenius advised Lifeline SPAC I Plc.

Lifeline SPAC I Plc announced the result of its initial public offering and listing of its series A shares on the SPAC segment of the regulated market of Nasdaq Helsinki. The Offering was oversubscribed and attracted significant demand from several Finnish and international institutions, funds, family offices as well as private investors.

Lifeline SPAC I has issued a total of 10,000,000 new series A shares in the Company (the “Offer Shares”) to investors in the Offering at a price per share of EUR 10.00. The Company will receive gross proceeds of EUR 100 million from the Offering, all of which will be deposited in the Company’s escrow account.

Lifeline SPAC I Plc is a Finnish Special Purpose Acquisition Company founded for corporate acquisitions.

The strategy of Lifeline SPAC I is to primarily identify and merge with an unlisted high-growth company in the technology sector. The target segments include, for instance, enterprise software, health-tech, climate technology, digital consumer products and services, as well as robotics and hardware. These technology segments are globally wide, with also a very strong growth outlook.

The Krogerus team was led by Partner Paul Raade (Picture) and included Partner Tom Fagernäs, Senior Associate Joel Kanervo and Associate Saana Ruottu.

The Borenius team included Juha Koponen, Teo Virtanen, Nina Koivisto, Andreas Doepel, Eeva Terho, Einari Karhu, Esa-Pekka Saari and Paulus Hidén.

Involved fees earner: Andreas Doepel – Borenius Attorneys Ltd; Paulus Hidén – Borenius Attorneys Ltd; Einari Karhu – Borenius Attorneys Ltd; Nina Koivisto – Borenius Attorneys Ltd; Juha Koponen – Borenius Attorneys Ltd; Esa-Pekka Saari – Borenius Attorneys Ltd; Eeva Terho – Borenius Attorneys Ltd; Teo Virtanen – Borenius Attorneys Ltd; Tom Fagernäs – Krogerus Attorneys Ltd; Joel Kanervo – Krogerus Attorneys Ltd; Paul Raade – Krogerus Attorneys Ltd; Saana Ruottu – Krogerus Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd; Krogerus Attorneys Ltd;

Clients: Carnegie Investment Bank AB; Danske Bank; Lifeline SPAC I Plc;

Author: Federica Tiefenthaler