Bradley Kruger
Ogier advised NewHold Investment Corp IV on its $201.25 million initial public offering on the Nasdaq Global Market, the firm said.
The special purpose acquisition company issued 20,125,000 units at $10 each, including 2,625,000 units sold through the full exercise of an underwriters’ over-allotment option. The units trade under the ticker symbol NHIVU.
Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. Proceeds from the offering are intended to fund a future business combination, with a focus on industrial and business services sectors.
Ogier’s Cayman Islands corporate team acted as legal counsel on the offshore aspects of the IPO. The team was led by partner Bradley Kruger, with support from managing associate Laura O’Byrne.
The firm said the transaction builds on its ongoing work with the NewHold team and marks the second SPAC IPO it has advised them on.
