Debevoise & Plimpton LLP advised Fifth Wall Acquisition Corp III on the deal.
Fifth Wall Acquisition Corp III (FWAC) executed its $275 million initial public offering of 27,500,000 Class A Ordinary shares at $10 per share. FWAC now trades on Nasdaq under the symbol “FWAC”.
FWAC granted the underwriters a 45-day option to purchase up to an additional 3,750,000 Class A Ordinary Shares at the initial public offering price to cover over-allotments, which the underwriters partially exercised for an additional 2,500,000 Class A Ordinary Shares, leaving 1,250,000 Class A Ordinary Shares still available under the option.
Fifth Wall Acquisition Corp III (FWAC) is a special purpose acquisition company (or a “SPAC”) with a focus on acquiring a technology business within the real estate industry as well as adjacent industries.
The Debevoise’s team was led by capital markets partner Steven Slutzky (Picture) and counsel Joshua Samit and included associates Jonathan Steinberg and Michael Stephan, tax partner Peter Furci, counsel Samuel Duncan and associate Shanna Adler.
Involved fees earner: Samuel Duncan – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Joshua Samit – Debevoise & Plimpton; Steven Slutzky – Debevoise & Plimpton; Jonathan Steinberg – Debevoise & Plimpton; Michael Stephan – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;
Clients: Fifth Wall Acquisition Corp III;