Saul Ewing LLP represented Signal Hill Acquisition Corp., a special purpose acquisition company, in its initial public offering of 10,000,000 units at a price of $10.00 per unit, resulting in gross proceeds of $100,000,000.
The units are listed on The Nasdaq Global Market (Nasdaq) and began trading on February 11, 2022, under the ticker symbol “SGHLU”. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.
The announcement was made on February 15, 2022.
Saul Ewing's team was led by attorneys Marc J. Adesso and John E. Crozier, with support from Michael Gold in the firm’s M&A practice, as well as David Shapiro and Daniel Berman in the firm’s international tax practice.
Read Signal Hill Acquisition Corp.’s press release for more information.
Saul Ewing’s SPAC Practice
Saul Ewing LLP is especially well-positioned to guide SPACs throughout their life cycle. Successful SPAC transactions require careful planning and execution, from formation, to IPO, the subsequent de-SPAC business combination, and then onto life as a public company. Our SPAC team leverages SEAL’s elite capital markets, securities, public company, M&A, private equity, and tax capabilities to deliver seamlessly coordinated, full-service advice and representation to SPACs, their sponsors, underwriters, and M&A participants. We couple our SPAC advice with deep industry-specific knowledge to provide unparalleled insight, economically-focused counsel, and real world solutions to complex marketplace problems.
