Bradley Kruger
Ogier’s Corporate team in the Cayman Islands has acted as legal counsel on four recent initial public offerings (IPOs) on the Nasdaq Stock Market, raising a total of more than US$700 million and reflecting a ‘buoyant’ SPAC market.
Three of the four companies, which are all incorporated in the Cayman Islands, are special purpose acquisition companies (SPACs), reflecting continuing activity in the SPAC market in 2025. Specifically, Ogier’s deal teams advised on the IPOs of:
- K&F Growth Acquisition Corp II, which raised US$287.5 million
- Live Oak Acquisition Corp V, which raised US$230 million
- NewHold Investment Corp III, which raised US$175 million
- Webus International, which raised gross proceeds of US$8 million
Partner and head of Ogier’s Corporate team in the Cayman Islands Bradley Kruger, who led the deal teams on each transaction, supported by senior associates Ali Pasley and Laura O’Byrne and associate Mike Azarnikow, said: “We have considerable experience in advising on the establishment and listing of Cayman Islands companies on US exchanges, and we are delighted to have supported our clients on the successful closing of their respective offerings.
“This buoyant SPAC market continues to grow and we see strong demand in the Cayman Islands for the establishment of SPACs and subsequent de-SPAC transactions. Our expertise in this area means we are well positioned to assist clients in this space.”
