SEA Electric Holdings’ US$42 Million Shares Private Placement

Vinson & Elkins LLP advised SEA Electric Holdings Pty Ltd. on the deal.

Global automotive technology company SEA Electric Holdings Pty Ltd. announced its private placement of Series A Preferred Shares for total gross proceeds of approximately US$42 million.

The net proceeds from the investment will allow SEA Electric to solidify its position as a market leader in the electrification of commercial vehicles while funding its considerable backlog and facilitating more pilot programs with operators.

The V&E corporate team was led by partner Creighton Smith (Picture) and associate Olivia Espy Huntington, with assistance from partner Kaam Sahely and associate Alan Albrecht.

Involved fees earner: Kaam Sahely – Vinson & Elkins LLP; Creighton Smith – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: SEA Electric Holdings Pty Ltd. ;

Author: Martina Bellini