Ogier’s Corporate team in the Cayman Islands has advised on two more Cayman-incorporated special purpose acquisition companies (SPACs) listing on the US stock market.
Ogier advised both Launchpad Cadenza Acquisition Corp I on its US$230 million initial public offering on Nasdaq and Churchill Capital Corp XI on its upsized US$414 million IPO on Nasdaq.
Launchpad Cadenza Acquisition Corp I was formed for the purpose of effecting a business combination with one or more businesses. While it may pursue acquisition opportunities in any business or industry or at any stage of its evolution, its primary focus will be on technology and software infrastructure companies operating within the blockchain, financial technology, and digital assets ecosystems.
The offering of 23 million units was priced at US$10.00 per unit, which began trading on Nasdaq on 18 December 2025 under the ticker symbol LPCVU.
Churchill Capital Corp XI was equally formed to pursue initial business combinations across any business or industry. Its offering of 41.4 million units was priced at US$10.00 per unit, which began trading on Nasdaq on 17 December 2025 under the ticker symbol CCXIU.
Ogier provided Cayman Islands legal counsel to in both deals. The team was led by partner Bradley Kruger with support from senior associate Ali Pasley.
In a previous press release, Ogier said the firm advised on more than US$32 billion of publicly announced SPAC listings and de-SPAC transactions in 2025.
Market activity in 2025 reflected a clear evolution in the global SPAC market, with sponsors and targets increasingly focused on high-quality assets, tighter deal structures and cross-border execution, Ogier said, adding that offshore jurisdictions such as the Cayman Islands remained the jurisdictions of choice for SPAC activity, driven by their flexibility, regulatory certainty and continued acceptance by global exchanges and investors.
Ogier’s Cayman-based deal teams were led by partners Bradley Kruger, Cynthia Anandajayasekeram and Natalie Bell, together with senior associates Laura O’Byrne, Ali Pasley and James O’Sullivan and associates Mike Azarnikow, Scott Parmenter and Wray Sulisz.
