Harneys advised on two Cayman Islands special purpose acquisition company initial public offerings that closed within four days, raising a combined $450 million, the law firm said.
The firm acted as Cayman Islands counsel to RRE Ventures Acquisition Corp. on its $250 million IPO, which closed May 1, and Quantum Leap Acquisition Corp. on its $200 million IPO, which closed May 4.
RRE offered 25 million units at $10 each. Each unit includes one Class A ordinary share and one-third of one redeemable warrant. The shares and warrants are expected to trade separately on Nasdaq under the symbols RREV and RREVW.
Quantum Leap offered 20 million units at $10 each. Its units began trading May 1 on the New York Stock Exchange under QLEPU. The ordinary shares and warrants are expected to trade separately on the NYSE under QLEP and QLEPW.
Harneys acted on instructions from Latham & Watkins on the RRE offering and from Sichenzia Ross Ference Carmel LLP on the Quantum Leap offering.
George Weston, Harneys’ global head of corporate, said SPAC IPO deal flow has remained steady in 2026 and credited the firm’s team for completing the two transactions in a short period.
