Akin Gump Advises Barclays in $230 Million Capitalworks SPAC IPO
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(Washington, D.C.) – Capitalworks Emerging Markets Acquisition Corp, a Cayman Islands special purpose acquisition company, consummated its $230 million initial public offering (IPO) on December 3, 2021. A team from Akin Gump represented Barclays Capital Inc., the sole book-running manager for the offering, in the IPO.
The offering consisted of 23,000,000 units at a price of $10.00 per unit, which included the full exercise of the underwriter's option to purchase up to an additional 3,000,000 units. The units are listed on The Nasdaq Global Market and began trading on December 1, 2021 under the ticker symbol “CMCAU”.
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The Akin Gump deal team was led by corporate partners Anthony Renzi and Cynthia Mabry. They were joined by tax partner Alison Chen and corporate senior counsel Alexandra Reuss and associate Atena Sheibani-Nejad.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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