Ogier advises BGS Acquisition Corp on its US$40,000,000 IPO on NASDAQ

Ogier's BVI office has advised BGS Acquisition Corp, a special purpose acquisition company ("SPAC") on its initial public offering of 4,000,000 units on NASDAQ at a price of US$10 per unit, raising US$40,000,000.  Each unit comprises one ordinary share and one warrant to purchase one ordinary share at an exercise price if US$10 per share.  BGS Acquisition Corp has been formed for the purpose of acquiring or merging with an operating business.

Ogier worked with Ellenoff Grossman & Schole LLP, as legal counsel to the issuer, with Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acting as legal counsel to the underwriters.  The PrinceRidge Group LLC acted as sole book-running manager and representative of the underwriters of the offering.  Mitsubishi UFJ Securities (USA), Inc. and Chardan Capital Markets, LLC acted as co-managers of the offering.

The Ogier team was led by corporate partner, Simon Schilder and senior associate, Paul Kelly.