Appleby Advises West Enclave Merger Corp. in Its USD100M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to GSR V Acquisition Corp. in connection to its initial public offering of 20,000,000 units at $10.00 per unit. The underwriters fully exercised their over-allotment option, purchasing an additional 3,000,000 units, bringing the total units sold to 23,000,000 and generating gross proceeds of $230,000,000.
Each unit comprises one Class A ordinary share and one-seventh of a right, which is convertible into a Class A share upon an initial business combination. The units began trading on the Nasdaq under the ticker “GSRVU.”
The Appleby Capital Markets team was led by Partner Alexandra Low, Senior Associate Alejandra Gonzalez Saucedo, Paralegal Sophia Cunningham and Legal Manager Kelly Tang with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
