Simpson Thacher advised Green Visor Financial Technology Acquisition Corp. I (the “Company”) (Nasdaq: GVCIU) on its $200.1 million initial public offering of 20,010,000 units, including the exercise in full of the underwriter’s overallotment option, at a public offering price of $10 per unit.
Each unit consists of one of the Company’s Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one of the Company’s Class A ordinary shares at a price of $11.50 per share. The units have begun trading on Nasdaq and, once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are also expected to be listed on Nasdaq under the symbols “GVCI” and “GVCIW,” respectively.
The Company is a newly organized blank-check company formed by Green Visor Capital SPAC I Holdings, LLC, an affiliate of Green Visor Capital Management Company, LLC (“Green Visor Capital”), for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Green Visor Capital is a venture capital firm, focused primarily on the financial technology sector, that invests in, and works with, socially responsible entrepreneurial management teams that use innovative technology to solve substantive problems in financial services.
The Simpson Thacher team included Mark Brod, Dan Webb, Karen Reyes, Bethany Wong, William Perrone and Kaitlyn Posa (Capital Markets); Benjamin Rippeon and Eli Shalam (Tax); Jennifer Nadborny and Arielle Katzman (Public Company Advisory Practice); and Jennie Getsin (FINRA).