Appleby earlier advised Endurance, a SPAC founded by Antarctica Capital to focus on space-based tech businesses, on its US$200m SPAC IPO on NASDAQ which closed in September 2021.

The Appleby team was led by Hong Kong managing partner and global co-head of SPACs David Bulley and Cayman-based counsel and global co-head of SPACs Dean Bennett, assisted by Hong Kong associate Alejandra Gonzalez Saucedo. Morrison & Foerster LLP acted as lead counsel for Endurance.

The Appleby team continue to be selected as Cayman Islands counsel of choice for SPAC IPOs and business combinations in the US and Hong Kong in recognition of the firm’s market-leading expertise and cross-jurisdictional capabilities in this area. Appleby was named second in the league table of the “Top Asia-related SPAC Legal Advisers of 2020-21 – Offshore Firms” by Asia Business Law Journal.

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