Kelli Schultz-Panas

A member of the Firm’s Capital Markets and Public Company Advisory Practices, Kelli Schultz advises on a wide range of capital markets offerings and compliance with federal securities laws and the rules of the major U.S. exchanges. Her work extends across a broad array of industries, from technology, consumer electronics, healthcare, hospitality, real estate, financial services, retail and transportation. She represents issuers, underwriters and investors across a spectrum of capital markets transactions, including IPOs, follow-on offerings, block trades, PIPEs, preferred stock and other equity offerings, debt securities offerings, convertible debt financings and de-SPACs. She also regularly counsels management and boards of directors on a range of matters, including: disclosure and reporting requirements; corporate governance best practices and structuring; proxy materials; shareholder proposals; shareholder meetings; insider trading matters, including Section 16, Section 13, and 10b5-1 plans; investor communications; SEC inquiries; crisis management; and navigating the transition to public company life.

Kelli’s recent work includes advising:

Capital Market Transactions

• Underwriters in Airbnb’s $3.83 billion IPO and its subsequent convertible debt offering
• Alibaba Group in its $25 billion IPO—then the largest IPO in the world—and certain subsequent debt offerings
• Goldman Sachs in Apple’s $17 billion bond offering—then the largest-ever corporate debt offering—and more than 25 subsequent debt offerings, including Apple’s inaugural offerings of green bonds, non-USD denominated bonds, and Formosa bonds
• CBRE Acquisition Holdings in its de-SPAC with Altus Power
• Certara in its $768.5 million IPO and its subsequent follow-on offerings
• Dell and Silver Lake in the exchange of Dell’s tracking stock for its Class C stock and public listing of the Class C
• Underwriters in Luminar Technologies’ $220 million secondary stock offering
• Silver Lake in the purchase of $1 billion of convertible senior notes of Motorola Solutions, conversion and repurchase of convertible senior notes and secondary offering of common stock
• Velocity Financial in its IPO and subsequent preferred stock, warrant offerings and at-the-market offerings
• The underwriters and dealer-managers in Walmart’s $7 billion debt offering, including its inaugural offering of green bonds and its $10 billion tender offer

Ongoing Advisory Clients

In, among other things, a number of board, governance, investor communication and disclosure matters:

• Blade Air Mobility
• Bright Health Group
• CBRE Group
• Certara
• Grocery Outlet
• MultiPlan
• Snap One Holdings

Kelli also advises Silver Lake Partners and Riverwood Capital Partners in matters relating to their public company portfolio companies.

Kelli received her J.D. from University of California Berkeley School of Law in 2009, where she was Senior Articles Editor, Berkeley Business Law Journal and a recipient of the American Jurisprudence Award, Criminal Law. She received her B.A. from the University of California at Berkeley in 2004. She is admitted to practice in California. She is a dog lover, a hiker and rare book collector.