Appleby Advises Three Lions Acquisition Corp. in Its USD100M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Three Lions Acquisition Corp. in connection to its initial public offering of 10,000,000 units at an offering price of $10.00 per unit. The gross proceeds from the offering were $100 million.
The units are listed and trading on the Nasdaq Global Market (Nasdaq) under the symbol “TLACU.” Each unit consists of one ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one ordinary share at $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “TLAC” and “TLACW,” respectively.
The Appleby Capital Markets team was led by Cayman Islands Partner Alexandra Low, Hong Kong Senior Associate Alejandra Gonzalez Saucedo, Legal Manager Kelly Tang, Cayman Islands Articled Clerk Emily McIntyre Paralegal Sophia Cunningham, alongside other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
